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The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained "superstar" status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...
Persistent link: https://www.econbiz.de/10010487271
The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained "superstar" status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...
Persistent link: https://www.econbiz.de/10010396936
The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained "superstar" status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...
Persistent link: https://www.econbiz.de/10011164178
content of the discussion. Several estimated topic frequencies are then included in a VAR model to estimate the effects of … topic shocks on asset prices. We find that the discussion about Fed policy on social media contains price …-relevant information. Shocks to shares of "tantrum"-, "QE"- and "data"-related topics are shown to lead to significant asset price changes …
Persistent link: https://www.econbiz.de/10011434676
content of the discussion. Several estimated topic frequencies are then included in a VAR model to estimate the effects of … topic shocks on asset prices. We find that the discussion about Fed policy on social media contains price …-relevant information. Shocks to shares of "tantrum"-, "QE"- and "data"-related topics are shown to lead to significant asset price changes …
Persistent link: https://www.econbiz.de/10011516882
The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained superstar status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...
Persistent link: https://www.econbiz.de/10010356447
The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained "superstar" status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...
Persistent link: https://www.econbiz.de/10010223512
uncertainty about a specific policy decision. An estimated vector autoregression (VAR) shows that uncertainty shocks lead to a …
Persistent link: https://www.econbiz.de/10011546623
Remittance inflows from overseas workers are an important source of foreign funding for developing and emerging economies. The literature is in- conclusive about the cyclical nature of remittance inflows. To the extent remittances are procyclical they pose a challenge to monetary policy: a...
Persistent link: https://www.econbiz.de/10011552526
Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been...
Persistent link: https://www.econbiz.de/10012694427