Global Economic Policy Uncertainty and the Stock Market in Egypt

This study examines the reaction of the Egyptian stock market to global economic policy uncertainty (EPU), controlling for key macro-financial variables such as exchange rates, inflation, T-bill rates, gold prices, and global equity markets. Using monthly data since the inception of the EGX30 index, the study utilises rolling correlation analysis and an autoregressive distributed lag (ARDL) model, with both full-sample and subsample estimations to capture structural shifts across economic and po