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Cheng-Wen, Sephali Lee, Bera

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Open access Aug 2026

Cryptocurrency Returns and the Macro-economy: Evaluating the Predictive Role of Inflation and Financial Conditions

This paper examines how Bitcoin returns interact with macroeconomic and financial drivers—specifically inflation, industrial production, money supply, stock market returns, the wholesale price index, and financial conditions—using monthly data from April 2015 to March 2025. Methodologically, we apply Augmented Dickey-F...

Cheng-Wen, Sephali Lee, Bera · 0 citations

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