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This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as press releases, ECB blog contributions, speeches and...
Persistent link: https://www.econbiz.de/10014330976
It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O'Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...
Persistent link: https://www.econbiz.de/10013428356
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...
Persistent link: https://www.econbiz.de/10012034133
capacity to override or inhibit undesired impulses that may drive prices. We implement the first experiment to address the …
Persistent link: https://www.econbiz.de/10011899248
of other groups should be less effective. However, reciprocity theory suggests that highlighting pro-social behavior by … experiment in Kenya, Australia, the United States, the Philippines, and South Africa. The findings show that the descriptive … theory. The findings suggest that tax agencies may increase tax compliance by visibly tackling tax avoidance among groups …
Persistent link: https://www.econbiz.de/10012434703
The spread of global value chains (GVCs) has given rise to new statistical tools, the Inter-Country Input-Output tables and new analytical frameworks aimed at properly identifying production linkages between and within economies. However, several important questions remain unaddressed. This...
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