Results 21 to 30 of about 74,773 (43)
Some of the next articles are maybe not open access.
The American Economic Review, 2021
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
semanticscholar +1 more source
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
semanticscholar +1 more source
Bubbles, Crashes, and Economic Growth: Theory and Evidence
Social Science Research Network, 2023We analyze the ups and downs in economic growth in recent decades by constructing a model with recurrent bubbles, crashes, and endogenous growth. Once realized, bubbles crowd in investment and stimulate economic growth, but expectation about future ...
Pablo A. Guerrón-Quintana +2 more
semanticscholar +1 more source
The ECB's Asset Purchase Programme: An Early Assessment
Social Science Research Network, 2016This paper analyses the effects of the European Central Bank's expanded asset purchase programme (APP) on yields and on the macroeconomy, and sheds some light on its transmission channels.
P. Andrade +4 more
semanticscholar +1 more source
The New Keynesian Model and Bond Yields
Journal of Financial and Quantitative AnalysisThis paper presents a New Keynesian model to capture the linkages between macro fundamentals and the nominal yield curve. The model explains bond yields with a low level of news in expected ination and plausible term premia.
M. M. Andreasen
semanticscholar +1 more source
Passive Investing and the Rise of Mega-Firms
The Review of financial studiesWe study how passive investing affects asset prices. Flows into passive funds disproportionately raise the stock prices of the economy’s largest firms, especially those large firms in high demand by noise traders.
Hao Jiang, Dimitri Vayanos, Luyao Zheng
semanticscholar +1 more source
Structural Reforms and Economic Performance: The Experience of Advanced Economies
Journal of Economic LiteratureThis article provides a comprehensive assessment of the theoretical and empirical literature on structural reforms in advanced economies. Structural reforms matter because they entail profound and systematic changes that affect economic welfare ...
Nauro F. Campos +2 more
semanticscholar +1 more source
US Treasury Auctions: A High-Frequency Identification of Supply Shocks
American Economic Journal: MacroeconomicsWe identify Treasury supply shocks using auction data, interpreting changes in futures prices around announcements as shocks to expected supply. We isolate the component of futures price variations pertaining to US Treasury announcements between 1998 and
Maxime Phillot
semanticscholar +1 more source
An Intermediation-Based Model of Exchange Rates
The Review of financial studiesWe develop a continuous-time general equilibrium model with intermediaries at the heart of international financial markets. Global intermediaries bargain with households and extract rents from providing access to foreign claims. By tilting state prices,
S. Malamud, A. Schrimpf, Yuan Zhang
semanticscholar +1 more source
The High-Frequency Effects of Dollar Swap Lines
American Economic Review: InsightsWe study the effects of dollar swap lines using high-frequency responses in asset prices around policy announcements. News about expanded dollar swap lines causes a reduction in liquidity premia, compression of deviations from covered interest parity ...
Rohan Kekre, Moritz Lenel
semanticscholar +1 more source
Fiscal Policy and Credit Supply in a Crisis
The American Economic ReviewWe measure how cuts to public procurement propagate through the banking system in a financial crisis. During the European sovereign debt crisis, the Portuguese government cut procurement spending by 4.3 percent of GDP. We find that this cut saddled banks
Diana Bonfim +3 more
semanticscholar +1 more source