The relationship between stock market and inflation in the period of Covid-19 and Ukrainian war
Evidence from Greece
Bibliographic Data
| ID | 22189204 |
|---|---|
| Authors | Sofia Karagiannopoulou (0009-0006-4935-5605, University of Western Macedonia), Nikolaos Sariannidis (0000-0002-6950-8801, University of Western Macedonia) |
| Year | 2024 |
| Volume | 8 |
| Issue | 8 |
| Pages | 5692 |
| Publication date | 2024-08-16 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Infrastructure Policy and Development (JOURNAL) |
| Journal identifiers | ISSN: 2572-7923 • E-ISSN: 2572-7931 |
| Publisher | EnPress Publisher (PUBLISHER) |
| DOI | 10.24294/jipd.v8i8.5692 |
| OpenAlex | W4401655301 |
| Language | EN |
| References cited | 2 |
This study explores the interactions between inflation and stock market. We carried out a bibliometric analysis with R package to highlight the worldwide research trends in the field, covering the period of three crises (financial, health crisis and war of Ukraine). Next, using monthly data for the period from 1 March 2020 to 31 August 2023 and based on a vector autoregressive model, impulse response and variance decomposition are performed to explore the dynamic relationships between inflation and Greek stock market. The results reveal the existence of high volatility in Athens’ stock market during COVID-19 pandemic, owning to a shock of the inflation. Regarding the period of Ukrainian war, the study verified the Fama’s hypothesis that there is a negative relationship between inflation and stock returns. The findings have significant implications for investors and policy makers
2019-20 coronavirus outbreak · Economics · Linguistics · Stock market · Ukrainian · Business and Economic Development · COVID-19 Pandemic Impacts · History · Market Dynamics and Volatility · Medicine · Internal Medicine · Virology
| Highly cited | No |
|---|