Ali, Syed Riaz Mahmood; Hasan, Mohammad Nurul; Kamal, … - 2022
Using the geopolitical threats (GPT) index of Caldara and Iacoviello (2022), we show, in this paper, that the U.S. equity market and a few individual sectors produce significantly positive returns during high geopolitical threats, even with the presence of standard controls, while other major...