CAN MONEY SUPPLY PREDICT STOCK PRICES ?

@inproceedings{Alatiqi2008CANMS,
  title={CAN MONEY SUPPLY PREDICT STOCK PRICES ?},
  author={Sara Alatiqi and S. Fazel},
  year={2008}
}
A positive causal relation from money supply to stock prices is frequently hypothesized by some financial media and financial analysts. The basis of this assertion is an assumed negative causal relation from money supply to interest rates, and a negative causal relation from interest rates to stock prices. In this paper, we argue against a stable causal relation from money supply to stock prices. An empirical analysis, based on cointegration and Granger Causality tests, supports our argument… CONTINUE READING

Citations

Publications citing this paper.

References

Publications referenced by this paper.
Showing 1-7 of 7 references

Stock Prices and Economic News

E James
The Journal of Business • 1985

Distribution of the estimators for autoregressive time series with a unit root.

D. A. Dicky, W. A. Fuller
Journal of the American Statistical Association, • 1979

Determinants of Common Stock Prices: A Time Series

Kraft, John, Arthur Kraft
Prices.” The Journal of Finance, • 1976

Money Supply and Stock Prices: A Probabilistic Approach

Gupta, C Manak
Journal of Financial and Quantitative Analysis, • 1974

Money and Stock Prices: The Channels of Influences.

J HamburgerMichael, Levis A. Kochin
The Journal of Finance, • 1971

The Supply of Money and Common Stock Prices

Dwight M. Jaffee
The Journal of Finance • 1971