Politics and the Stock Market ; Evidence from Germany

Research, Preprint OPEN
Pierdzioch, Christian; Döpke, Jörg;
  • Publisher: Kiel: Kiel Institute for the World Economy (IfW)
  • Subject: E44 | Deutschland | E32 | Börsenkurs | Germany | G12 | Stock market | Kapitalertrag | Political business cycle | Political business cycle; Stock market, Germany | Schätzung | Politischer Konjunkturzyklus
    • jel: jel:E32 | jel:G12 | jel:E44
      ddc: ddc:330

We analyze the interaction of stock market movements and politics in Germany. In contrast to the empirical evidence available for the U.S., we do not find that German stock market returns tend to be higher during liberal than during conservative governments. Also in con... View more
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