A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is application/pdf
.
SHOULD GOLD BE HELD UNDER GLOBAL ECONOMIC POLICY UNCERTAINTY?
2020
Journal of Business Economics and Management
This paper investigates the ability of gold to hedge worldwide risks from the perspective of global economic policy uncertainty (GEPU). By applying the full- and sub-sample rolling-window bootstrap causality tests to analyze the dynamic interaction between GEPU and gold price (GP). It can be observed that gold can effectively hedge risks of GEPU during the Asian financial crisis, dot-com bubble and global economic crisis, but this result does not hold in non-crisis period. GEPU manifests
doi:10.3846/jbem.2020.12040
fatcat:xb35i2j64vfmbpx3wv3qr5nbd4