The Stock Market–Real Economy "Disconnect": A Closer Look

Posted: 21 Oct 2020

See all articles by Andrew Y. Chen

Andrew Y. Chen

Board of Governors of the Federal Reserve System

Markus Ibert

Copenhagen Business School - Department of Finance; Swedish House of Finance

Francisco Vazquez-Grande

Board of Governors of the Federal Reserve System

Date Written: October 14, 2020

Abstract

Between March and September 2020, broad equity price indexes around the world experienced a historic rally. Although this rally followed a significant decline in stock prices, it appears difficult to explain due to continuing concerns about the global pandemic and national economies running far below their potentials.

Suggested Citation

Chen, Andrew Y. and Ibert, Markus and Vazquez-Grande, Francisco, The Stock Market–Real Economy "Disconnect": A Closer Look (October 14, 2020). FEDS Notes No. 2020-10-14-2, Available at SSRN: https://ssrn.com/abstract=3716367 or http://dx.doi.org/10.17016/2380-7172.2800

Andrew Y. Chen (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-973-6941 (Phone)

HOME PAGE: http://sites.google.com/site/chenandrewy/

Markus Ibert

Copenhagen Business School - Department of Finance ( email )

Solbjerg Plads 3, SOL/A4.17
Copenhagen, Frederiksberg 2000

Swedish House of Finance ( email )

Drottninggatan 98
Stockholm, 11160
Sweden

Francisco Vazquez-Grande

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-973-7488 (Phone)

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