IDEAS home Printed from https://ideas.repec.org/a/taf/cposxx/v45y2024i3-4p336-352.html
   My bibliography  Save this article

Uncertainty, stock and commodity prices during the Ukraine-Russia war

Author

Listed:
  • Whelsy Boungou
  • Alhonita Yatié

Abstract

This article mainly investigates whether the war in Ukraine-Russia induces uncertainties and how this affects the returns of world stock market indices and commodity prices. To do so, we use the Economic Policy Uncertainty index (EPU), 96 stock market indices and the price of 67 commodities worldwide over the period from January 2022 to April 2023. Our empirical results show that the war between Ukraine and Russia increases uncertainties, and which negatively affect the performance of global financial markets and lead to higher commodity prices. These negative shocks tend to be smaller the longer the war persists. We also observe that responses to war-induced uncertainties are stronger in Europe and America. Overall, we provide unique evidence of the impact of war on uncertainties and how this is transmitted to stock market performance and commodity prices.

Suggested Citation

  • Whelsy Boungou & Alhonita Yatié, 2024. "Uncertainty, stock and commodity prices during the Ukraine-Russia war," Policy Studies, Taylor & Francis Journals, vol. 45(3-4), pages 336-352, May.
    • Handle: RePEc:taf:cposxx:v:45:y:2024:i:3-4:p:336-352
    DOI: 10.1080/01442872.2024.2302440
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01442872.2024.2302440
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01442872.2024.2302440?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cposxx:v:45:y:2024:i:3-4:p:336-352. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/cpos .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.