The Impact of Monetary and Fiscal Policies on the Stock Market and Bond Funds: Evidence from Panel VAR Model

Authors

  • Zhibin Zhou School of International Economics and Trade, Jiangxi University of Finance and Economics, Nanchang, China.
  • Fenghua Zhang School of Economics, Shenyang University, Shenyang, China

DOI:

https://doi.org/10.54938/ijemdss.2024.03.1.241

Keywords:

Monetary Policy, Fiscal Policy, Stock Market Return, Bond Fund, Panel Vector Autoregressive Model

Abstract

This study examines the relationship between bond fund flows and stock market returns in emerging countries and the impact of monetary and fiscal policies on stock market returns and bond fund flowability. The results of the experiment indicate that, for emerging countries, bond fund flows are related to stock market returns in the previous period, with expansionary monetary policy having a negative impact on bond fund flows and expansionary fiscal policy having a positive impact on bond flows. When stock markets deteriorate and economic conditions are in the doldrums, bond funds flourish and bond fund liquidity increases.

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Published

2024-09-12

How to Cite

Zhou, Z., & Zhang, F. (2024). The Impact of Monetary and Fiscal Policies on the Stock Market and Bond Funds: Evidence from Panel VAR Model. International Journal of Emerging Multidisciplinaries: Social Science, 3(1), 11. https://doi.org/10.54938/ijemdss.2024.03.1.241

Issue

Vol. 3 No. 1 (2024)

Section

Research Article

License

Copyright (c) 2024 International Journal of Emerging Multidisciplinaries: Social Science

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.