Stock Market Response to Unexpected Macroeconomic News : The Australian Evidence /

This paper provides empirical evidence on the relationship between unexpected changes in macroeconomic variables and Australian stock returns over the period 1980-1991. The results suggest that stock returns are positively correlated with any surprise news in the current account deficit, the exchang...

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Bibliographic Details
Main Author: Sadeghi, Mahdi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1992.
Series:IMF Working Papers; Working Paper ; No. 1992/061
Online Access:Full text available on IMF

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