The Price of Political Uncertainty: Theory and Evidence from the Option Market
收藏NBER2014-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19812
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资源简介：
We empirically analyze the pricing of political uncertainty, guided by a theoretical model of government policy choice. To isolate political uncertainty, we exploit its variation around national elections and global summits. We find that political uncertainty is priced in the equity option market as
提供机构：
美国国家经济研究局
创建时间：
2014-01-01
