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Transition versus physical climate risk pricing in European financial markets : a text-based approach
Bua, Giovanna; Kapp, Daniel; Ramella, Federico; … - 2022
the industry they operate in. We find that firm level information appears to be used as a gauge for transition risk, in …
Persistent link: https://www.econbiz.de/10013271146
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The existence of informationally efficient markets when individuals are rational
Muendler, Marc-Andreas - 2004
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10011451345
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Informational Contagion in the Laboratory
Cipriani, Marco - 2015
correlated fundamentals open sequentially. In both markets, subjects receive private information. Subjects in the market opening … information is only imperfectly aggregated, subjects are able to make correct inferences based on the public information coming … when it is rational to do so because they convey information …
Persistent link: https://www.econbiz.de/10013017423
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Informational Contagion in the Laboratory
Cipriani, Marco - 2015
correlated fundamentals open sequentially. In both markets, subjects receive private information. Subjects in the market opening … information is only imperfectly aggregated, subjects are able to make correct inferences based on the public information coming … when it is rational to do so because they convey information …
Persistent link: https://www.econbiz.de/10013026974
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Can central bank communication help to stabilise inflation expectations?
Jung, Alexander; Kühl, Patrick - 2021
information and news channel. A novelty of the study is its use of data from Google Analytics on ECB website traffic as proxy for … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …-term professional inflation expectations. Our findings add to the theoretical evidence on the existence of an information and news …
Persistent link: https://www.econbiz.de/10012511097
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Controlling complexity in spatial modelling
Paelinck, Jean H. P. - 2000
-set deviation compared to single-set ones; an interpretation is given in terms of information costs; examples show the relevance of …
Persistent link: https://www.econbiz.de/10009781643
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Mortgage-related bank penalties and systemic risk among U.S. banks
Brož, Václav; Kočenda, Evžen - 2021
transmission with short-, medium-, and long-term dynamics. We find that after the possibility of a penalty is first announced to …
Persistent link: https://www.econbiz.de/10012697108
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The micro dynamics of macro announcements
Mittnik, Stefan; Robinzonov, Nikolay; Wohlrabe, Klaus - 2013
-frequency announcement effects in several ways. First, we account for endogenous return dynamics by assessing announcement impacts via …
Persistent link: https://www.econbiz.de/10010190208
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How prediction markets can save event studies
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2011
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...
Persistent link: https://www.econbiz.de/10009124168
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How to measure financial market efficiency? : a multifractality-based quantitative approach with an application to the European carbon market
Sattarhoff, Cristina; Gronwald, Marc - 2018
anticipated, the second finding is noteworthy, as various observers expressed concerns with regard to the information efficiency …
Persistent link: https://www.econbiz.de/10011864306