Search Results

Showing results 1 to 1 of approximately 1.

(refine search)
Keywords:U.S. presidential election 

Working Paper
Why Has the Stock Market Risen So Much Since the US Presidential Election?

This paper looks at the evolution of U.S. stock prices from the time of the Presidential elections to the end of 2017. It concludes that a bit more than half of the increase in the aggregate U.S. stock prices from the presidential election to the end of 2017 can be attributed to higher actual and expected dividends. A general improvement in economic activity and a decrease in economic policy uncertainty around the world were the main factors behind the stock market increase. The prospect and the eventual passage of the corporate tax bill nevertheless played a role. And while part of the rise ...
International Finance Discussion Papers , Paper 1235

FILTER BY Content Type

FILTER BY Jel Classification

G12 1 items

G18 1 items

FILTER BY Keywords

Dividends 1 items

Earnings 1 items

Equity premium 1 items

Equity returns 1 items

Gordon formula 1 items

Tax reform 1 items

show more (2)