IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01552349.html

Note On The Effect Of The 11 Years Global Climate Cycle On The Prices Of The Capital Markets

Author

Listed:
  • Kyritsis Konstantinos

    (TEI - Technological Educational Institute of Epirus)

  • Sotiropoulos Ioannis

    (TEI - Technological Educational Institute of Epirus)

  • Gogos Christos

    (TEI - Technological Educational Institute of Epirus)

  • Kypriotelis Efstratios

    (TEI - Technological Educational Institute of Epirus)

Abstract

In this paper we prove and analyze the effect of the 11 years sunspot, and global climate cycle, on the volatility of the prices of Stock Exchanges. We predict an increase of the prices from the present time (2007) till 2011, a next major maximum of the prices during 2010-2011 and a fall of the prices for the period 2011-2017. We discuss sequences of causal explanations based on the balance of demand and supply and comment on the general value of such an omniscience wisdom that involves at least five different sciences.

Suggested Citation

  • Kyritsis Konstantinos & Sotiropoulos Ioannis & Gogos Christos & Kypriotelis Efstratios, 2007. "Note On The Effect Of The 11 Years Global Climate Cycle On The Prices Of The Capital Markets," Post-Print hal-01552349, HAL.
    • Handle: RePEc:hal:journl:hal-01552349
    Note: View the original document on HAL open archive server: https://hal.science/hal-01552349
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01552349/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Duffy, John & Xiao, Wei, 2007. "Instability of sunspot equilibria in real business cycle models under adaptive learning," Journal of Monetary Economics, Elsevier, vol. 54(3), pages 879-903, April.
    2. J. B. Taylor & M. Woodford (ed.), 1999. "Handbook of Macroeconomics," Handbook of Macroeconomics, Elsevier, edition 1, volume 1, number 1.
    3. Benhabib, Jess & Farmer, Roger E.A., 1999. "Indeterminacy and sunspots in macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 6, pages 387-448, Elsevier.
    4. Chen, Gong-meng & Firth, Michael & Rui, Oliver M, 2001. "The Dynamic Relation between Stock Returns, Trading Volume, and Volatility," The Financial Review, Eastern Finance Association, vol. 36(3), pages 153-173, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
    2. Escañuela Romana, Ignacio, 2016. "Azar, Determinismo e Indecidibilidad en la Teoría del Ciclo Económico [Randomness, Determinism and Undecidability in the Business Cycle Theory]," MPRA Paper 72978, University Library of Munich, Germany.
    3. Evans, George W. & Honkapohja, Seppo, 2003. "Existence of adaptively stable sunspot equilibria near an indeterminate steady state," Journal of Economic Theory, Elsevier, vol. 111(1), pages 125-134, July.
    4. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    5. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43, July.
    6. Evans George W & Honkapohja Seppo M.S. & Marimon Ramon, 2007. "Stable Sunspot Equilibria in a Cash-in-Advance Economy," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-38, January.
    7. Bilbiie, Florin O., 2008. "Limited asset markets participation, monetary policy and (inverted) aggregate demand logic," Journal of Economic Theory, Elsevier, vol. 140(1), pages 162-196, May.
    8. Pengfei Wang & Yi Wen, 2006. "Imperfect competition and sunspots," Working Papers 2006-015, Federal Reserve Bank of St. Louis.
    9. Kollmann, Robert, 2020. "Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies," CEPR Discussion Papers 14367, C.E.P.R. Discussion Papers.
    10. Koskela, E. & Ollikainen, M. & Puhakka, M., 2000. "Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource," University of Helsinki, Department of Economics 476, Department of Economics.
    11. Hyun Park, 2009. "Ramsey fiscal policy and endogenous growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 377-398, June.
    12. Marco M. Sorge, 2020. "Arbitrary initial conditions and the dimension of indeterminacy in linear rational expectations models," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(1), pages 363-372, June.
    13. Nicoletta Batini & Joe Pearlman, 2002. "Too Much Too Soon: Instability and Indeterminacy with Forward-Looking Rules," Computing in Economics and Finance 2002 182, Society for Computational Economics.
    14. Costas Azariadis, 2018. "Credit Cycles and Business Cycles," Review, Federal Reserve Bank of St. Louis, vol. 100(1).
    15. Ignacio Escañuela ROMANA, 2016. "Randomness, Determinism and Undecidability in the Economic Cycle Theory," Journal of Economics and Political Economy, KSP Journals, vol. 3(4), pages 638-658, December.
    16. Florin Bilbiie, 2005. "Limited Asset Markets Participation, Monetary Policy and (Inverted) Keynesian Logic," Economics Papers 2005-W09, Economics Group, Nuffield College, University of Oxford.
    17. Chen, Shu-Hua, 2015. "Macroeconomic (In)Stability Of Interest Rate Rules In A Model With Banking System And Reserve Markets," Macroeconomic Dynamics, Cambridge University Press, vol. 19(7), pages 1476-1508, October.
    18. Mauro Bambi & Sara Eugeni, 2021. "Nominal exchange rate determination and dynamics in an OLG framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 93-132, July.
    19. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Increasing Returns, Balanced-Budget Rules, and Aggregate Fluctuations," Post-Print hal-02315041, HAL.
    20. Driskill, Robert, 2006. "Multiple equilibria in dynamic rational expectations models: A critical review," European Economic Review, Elsevier, vol. 50(1), pages 171-210, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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:hal:journl:hal-01552349. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.