Alternative Evaluation of S&P 500 Index in Relation to Quantitative Easing

• Autorzy: Martin Širůček , Ondřej Galečka
• Języki publikacji: EN

Abstrakty

EN

The paper focuses on the impact of money supply on the S&P 500 stock index. The main goal is by using selected indicators identify the bubble. That is meaning, according to the results bring to the investors recommendations what indicator they should to use for early identification of the price bubble. The paper deals with two "standard" indicator and one "behavioural". The first use the rational price bubble variable and compare it with the standard deviation, the second one deals with the ratio market capitalisation and GDP. As "behavioural" indicator analyses of EPUI and VIX index was used. Empirical results were confirmed by the "behavioural" variables. Higher accuracy of results acquired the second empirical method, where the divisor was used. (original abstract)

Słowa kluczowe

EN

Money supply; Stock market indexes; Economic bubble; Stock exchange analysis

PL

Podaż pieniądza; Indeks giełdowy; Bańka spekulacyjna; Analiza giełdowa

• Czasopismo: Forum Scientiae Oeconomia
• Rocznik: 2017
• Tom: 5
• Numer: nr 1 Enterprise in Global Environment
• Strony: 5--18

Twórcy

autor

Martin Širůček

• Mendel University in Brno, Czech Republic

autor

Ondřej Galečka

• Mendel University in Brno, Czech Republic

Bibliografia

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Identyfikatory

DOI

10.23762/fso_vol5no1_1