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This paper has examined the factors that affect the pattern of introduction of semiconductor innovations into the …
Persistent link: https://www.econbiz.de/10012479001
A coalition of well-organized semiconductor producers along with compliant government agencies (USTR and the Commerce … Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … in all world markets and to help secure 20 percent of the Japanese semiconductor market for foreign firms within five …
Persistent link: https://www.econbiz.de/10012474180
What explains stock market behavior in the early weeks of the coronavirus pandemic? Estimates from a dynamic asset …
Persistent link: https://www.econbiz.de/10012481087
We show that unexpected changes in the trajectory of COVID-19 infections predict US stock returns, in real time. Parameter estimates indicate that an unanticipated doubling (halving) of projected infections forecasts next-day decreases (increases) in aggregate US market value of 4 to 11 percent,...
Persistent link: https://www.econbiz.de/10012481907
This paper examines the potential influence of changing volatility in stock market prices on the level of stock market … prices. It demonstrates that volatility is only weakly serially correlated, implying that shocks to volatility do not persist …. These shocks can therefore have only a small impact on stockmarket prices, since changes in volatility affect expected …
Persistent link: https://www.econbiz.de/10012477626
We create a newspaper-based Equity Market Volatility (EMV) tracker that moves with the VIX and with the realized … volatility of returns on the S&P 500. Parsing the underlying text, we find that 72 percent of EMV articles discuss the … Macroeconomic Outlook, and 44 percent discuss Commodity Markets. Policy news is another major source of volatility: 35 percent of …
Persistent link: https://www.econbiz.de/10012479671
) levels of volatility. These results provide a novel perspective on both the equity risk premium and excess volatility puzzles …
Persistent link: https://www.econbiz.de/10012481562
role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …
Persistent link: https://www.econbiz.de/10012462254
Data show that better creditor protection is correlated across countries with lower average stock market volatility …
Persistent link: https://www.econbiz.de/10012463509
To identify disruptions in credit markets, research on the role of asset prices in economic fluctuations has focused on the information content of various corporate credit spreads. We re-examine this evidence using a broad array of credit spreads constructed directly from the secondary bond...
Persistent link: https://www.econbiz.de/10012463785