Adam, N., Sidek, N. Z. M., & Sharif, A. (2022). The impact of global economic policy uncertainty and volatility on stock markets: Evidence from islamic countries. Asian Economic and Financial Review, 12(1), 15-28.
Adrangi, B., Chatrath, A., Hatamerad, S., & Raffiee, K. (2025). Equity Markets Volatility, Regime Dependence and Economic Uncertainty: The Case of Pacific Basin. arXiv preprint arXiv:2507.05552.
Afzali, M., Ҫolak, G., & Fu, M. (2021). Economic uncertainty and corruption: Evidence from public and private firms. Journal of Financial Stability, 57, 100936.
Aguiar-Conraria, L., Azevedo, N., & Soares, M. J. (2008). Using wavelets to decompose the time–frequency effects of monetary policy. Physica A: Statistical mechanics and its Applications, 387(12), 2863-2878.
Aguiar-Conraria, L., Martins, M. M., & Soares, M. J. (2020). Okun’s law across time and frequencies. Journal of Economic Dynamics and Control, 116, 103897.
Ahir, H., Bloom, N., & Furceri, D. (2022). The world uncertainty index (No. w29763). Available at SSRN 4039482.
Akin, I., & Akin, M. (2024). Behavioral finance impacts on US stock market volatility: an analysis of market anomalies. Behavioural Public Policy, 1-25.
Amiri, H., & Pirdadeh Beyranvand, M. (2019). Uncertainty about economic policies and the stock market in Iran based on Markov switching model. Financial Knowledge of Security Analysis (Financial Studies), 12(44), 49 – 67. (In Persian).
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring economic policy uncertainty. The quarterly journal of economics, 131(4), 1593-1636.
Balcilar, M., Gupta, R., & Jooste, C. (2017). South Africa’s economic response to monetary policy uncertainty. Journal of Economic Studies, 44(2), 282-293.
Balcilar, M., Ozdemir, Z. A., & Arslanturk, Y. (2010). Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window. Energy Economics, 32(6), 1398-1410.
Bessembinder, H., & Seguin, P. J. (1992). Futures‐trading activity and stock price volatility. the Journal of Finance, 47(5), 2015-2034.
Białkowski, J., Dang, H. D., & Wei, X. (2022). High policy uncertainty and low implied market volatility: An academic puzzle?. Journal of Financial Economics, 143(3), 1185-1208.
Bloom, N. (2009). The impact of uncertainty shocks. econometrica, 77(3), 623-685.
Bougatef, K., & Nejah, I. (2024). Does Russia–Ukraine war generate herding behavior in Moscow Exchange?. Review of behavioral finance, 16(1), 85-95.
Brown, A., & Karpavičius, S. (2017). The reaction of the Australian stock market to monetary policy announcements from the Reserve Bank of Australia. Economic Record, 93(300), 20-41.
Caggiano, G., Castelnuovo, E., & Groshenny, N. (2014). Uncertainty shocks and unemployment dynamics in US recessions. Journal of Monetary Economics, 67, 78-92.
Chen, C., Liu, L., & Zhao, N. (2021). Fear sentiment, uncertainty, and bitcoin price dynamics: The case of COVID-19. In Research on Pandemics (pp. 166-177). Routledge.
Dai, P. F., Xiong, X., Liu, Z., Huynh, T. L. D., & Sun, J. (2021). Preventing crash in stock market: The role of economic policy uncertainty during COVID-19. Financial Innovation, 7, 1-15.
Darrat, A. F., Zhong, M., & Cheng, L. T. (2007). Intraday volume and volatility relations with and without public news. Journal of Banking & Finance, 31(9), 2711-2729.
De Bondt, W. F., & Thaler, R. (1985). Does the stock market overreact?. The Journal of finance, 40(3), 793-805.
Desalegn, T. A., Zhu, H., & Borojo, D. G. (2023). Economic policy uncertainty, bank competition and financial stability. Journal of Financial Economic Policy, 15(2), 123-139.
Dumas, B., Kurshev, A., & Uppal, R. (2009). Equilibrium portfolio strategies in the presence of sentiment risk and excess volatility. The Journal of Finance, 64(2), 579-629.
Erhijakpor, A. E., & Honour, D. (2024). EFFECT OF MACROECONOMIC DYNAMICS ON STOCK MARKET RETURN VOLATILITY IN NIGERIA: ARDL APPROACH. International Journal of Management & Entrepreneurship Research, 6(2), 404-421.
Gilchrist, S., Sim, J. W., & Zakrajšek, E. (2014). Uncertainty, financial frictions, and investment dynamics (No. w20038). National Bureau of Economic Research.
Gomes, F. J., Kotlikoff, L. J., & Viceira, L. M. (2012). The excess burden of government indecision. Tax Policy and the Economy, 26(1), 125-164.
Gulen, H., & Ion, M. (2016). Policy uncertainty and corporate investment. The Review of financial studies, 29(3), 523-564.
Hanafi, C., & Abaoub, E. (2016). Do investors herd in Tunisian financial market during political crisis period. Mediterranean Journal of Social Sciences, 7(4), 113.
He, Y. (2024). A Study of Factors Influencing Investor Expectations in the Capital Market. In SHS Web of Conferences (Vol. 188, p. 01020). EDP Sciences.
Hedayatpour, D., Khezri, M., & Safavi. B. (2022). The impact of economic instability on the Iranian stock market with an emphasis on the EPU index - the uncertainty of economic policies. Journal of Economics and Business Research, 25(13), 49 – 67. (In Persian).
Hu, Z. (1995). Stock market volatility and corporate investment. International Monetary Fund.
Huang, Z., & Yang, Z. (2023, September). An Analytical Study of Stock Market Flows Based on the Premise of Policy Uncertainty. In 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023) (pp. 537-541). Atlantis Press.
Isah, K. O., Badmus, S. K., Ogunjemilua, O. D., Adelakun, J. O., & Yakubu, Y. (2024). Revisiting the predictive prowess of economic policy uncertainty (EPU) in stock market volatility: GEPU or NEPU?. Scientific African, 23, e02068.
Jing, Z., Lu, S., Zhao, Y., & Zhou, J. (2023). Economic policy uncertainty, corporate investment decisions and stock price crash risk: Evidence from China. Accounting & Finance, 63, 1477-1502.
Karimzadeh Khosroshahi, M., & Aghababaei, M. E. (2023). Assement the long-term relationship between the economic policy uncertainty and the excess returns of various industries index. Stable Economy Journal, 4(4), 96-126.
Li, X. L., Balcilar, M., Gupta, R., & Chang, T. (2016). The causal relationship between economic policy uncertainty and stock returns in China and India: Evidence from a bootstrap rolling window approach. Emerging Markets Finance and Trade, 52(3), 674-689.
Liu, L., & Zhang, T. (2015). Economic policy uncertainty and stock market volatility. Finance Research Letters, 15, 99-105.
Mugendi, J. (2024). Impact of Macroeconomic Variables on Stock Market Volatility in Kenya. American Journal of Finance, 10(1), 59-71.
Muzaffar, Z., & Malik, I. R. (2024). Market liquidity and volatility: Does economic policy uncertainty matter? Evidence from Asian emerging economies. Plos one, 19(6), e0301597.
Ogawa, E., & Luo, P. (2024). Macroeconomic effects of global policy and financial risks. International Journal of Finance & Economics, 29(1), 177-205.
Pastor, L., & Veronesi, P. (2012). Uncertainty about government policy and stock prices. The journal of Finance, 67(4), 1219-1264.
Pástor, Ľ., & Veronesi, P. (2013). Political uncertainty and risk premia. Journal of financial Economics, 110(3), 520-545.
Pastor, L., & Veronesi, P. (2017). Explaining the puzzle of high policy uncertainty and low market volatility. Vox Column, 25.
Rahimifar, F., Hassanvand, D., & Zahedgharavi, M. (2024). The effect of monetary policy uncertainty on stock market uncertainty. Journal of Development and Capital, 9(1), 157-182. (In Persian).
Ramsheh, M., & Jalili, E. (2023). Time-Varying Causality between Equity Investor Sentiment and Sukuk Returns. Journal of Financial Management Perspective, 13(44), 59-82. (In Persian).
Raunig, B. (2021). Economic Policy Uncertainty and Stock Market Volatility: A Causality Check (No. 234). Working Paper.
Rehman, M. U., & Apergis, N. (2019). Sensitivity of economic policy uncertainty to investor sentiment: evidence from Asian, developed and European markets. Studies in Economics and Finance, 36(2), 114-129.
Salisu, A. A., Demirer, R., & Gupta, R. (2023). Policy uncertainty and stock market volatility revisited: the predictive role of signal quality. Journal of Forecasting, 42(8), 2307-2321.
Sharma, P., & Kumar, S. (2023). Zero-COVID policy and stock market sectoral performance in China. Investment Management and Financial Innovations, 20(2), 116-126.
Sreenu, N., & Pradhan, A. K. (2023). The effect of COVID-19 on Indian stock market volatility: can economic package control the uncertainty?. Journal of Facilities Management, 21(5), 798-815.
Stankevičienė, J., & Akelaitis, S. (2014). Impact of public announcements on stock prices: The example of Lithuanian stock market considering values of stock prices. Economics and Business, 26, 107-112.
Su, F., Wang, F., & Xu, Y. (2024). Economic Policy Uncertainty and Volatility Spillovers Among International Stock Market Indices During the COVID-19 Outbreak. Asia-Pacific Financial Markets, 1-30.
Sun, R. (2023). Research on the Influence of Monetary Policy on Stock Market Return. Frontiers in Business, Economics and Management, 10(2), 320-323.
Taheri Bazkhaneh, S. (2023). An investigation into the effect of liquidity and exchange rate on inflation in time-frequency domain. The Journal of Economic Policy, 15(29), 111-148. (In Persian).
Taheri Bazkhaneh, S., Ehsani, M. A., & Gilak Hakim Abadi, M. T. (2018). The investigating of the dynamic relationship between financial cycles with business cycles and the inflation gap in Iran: An application of wavelet transform. Economic Growth and Development Research, 9(33), 121-140. (In Persian).
Tang, Y., Luo, Y., Xiong, J., Zhao, F., & Zhang, Y. C. (2013). Impact of monetary policy changes on the Chinese monetary and stock markets. Physica A: Statistical Mechanics and its Applications, 392(19), 4435-4449.
Tiwari, A. K., Jana, R. K., & Roubaud, D. (2019). The policy uncertainty and market volatility puzzle: Evidence from wavelet analysis. Finance Research Letters, 31.
Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of econometrics, 66(1-2), 225-250.
Tseng, S. Y., & Yang, C. (2009, April). Influence of Risk Aversion on Distinct Risky Investment Preference: The Mediating Role of Information Search. In 2009 International Conference on Information and Financial Engineering (pp. 45-49). IEEE.
Verona, F. (2020). Investment, Tobin's Q, and cash flow across time and frequencies. Oxford Bulletin of Economics and Statistics, 82(2), 331-346.
Wu, X., Liu, T., & Xie, H. (2021). Economic Policy Uncertainty and Chinese Stock Market Volatility: A CARR‐MIDAS Approach. Complexity, 2021(1), 4527314.
Wu, Y. (2021). Does tax return disclosure affect information asymmetry among investors?. WU International Taxation Research Paper Series, (2021-08).
Yang, L. (2025). From economic policy uncertainty to implied market volatility: Nothing to fear?. Journal of Futures Markets, 45(2), 143-157.
You, W., Guo, Y., Zhu, H., & Tang, Y. (2017). Oil price shocks, economic policy uncertainty and industry stock returns in China: Asymmetric effects with quantile regression. Energy Economics, 68, 1-18.
Yuan, D., Li, S., Li, R., & Zhang, F. (2022). Economic policy uncertainty, oil and stock markets in BRIC: Evidence from quantiles analysis. Energy Economics, 110, 105972.
Zhang, L., Chen, W., & Hu, N. (2023). Economic policy uncertainty and stock liquidity: evidence from China. International Journal of Emerging Markets, 18(1), 22-44