Analysis on Co-movement of Stock Markets of China and USA in the Post-crisis Age

According to China's stock market and the American stock index,the macroeconomic barometer,the paper analyzed the correlation of the stock market of China and the United States after the crisis. This paper built a VAR model on logarithmic return rate( 2012 /6 /26 ~ 2014 /9 /30) of Shanghai Stock Composite Index and USA Dow Jones industrial average index. Further,empirical analysis was made using Granger causality test,impulse response and...