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correlate with observable surprises from macroeconomic news announcements. Our results confirm that macro news shocks have no …
Persistent link: https://www.econbiz.de/10011647611
-taking. Using a randomized information experiment, we show that communication causally affects individuals’ beliefs and investment …
Persistent link: https://www.econbiz.de/10012489541
The dynamic effects of ECB announcements, disentangled into pure monetary policy and central bank information shocks … bank information shocks exhibit strong heterogeneities across currency pairs. This disparity can be rationalized by an …
Persistent link: https://www.econbiz.de/10012180641
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Using confidential daily data, we analyse how the intervention episode of the Bank of Israel (BOI) from 2013 to 2019 has affected the foreign value of the Israeli new shekel (ILS) and the expectations about its future value. We find that interventions amounting to US dollar (USD) 1 billion are...
Persistent link: https://www.econbiz.de/10013259481
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Asset price processes are completely described by information processes and investors' preferences. In this paper we … stylized facts that look at first hand like financial market anomalies may be explained by an information process with …
Persistent link: https://www.econbiz.de/10013428399
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automation risk of their occupation, especially those in high-automatability occupations. Randomized information about their … in their work environment. The information also increases willingness to participate in further training, especially …
Persistent link: https://www.econbiz.de/10014476789