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the announcement of a surprise, nationwide lockdown in March 2020, was followed by the announcement of an unanticipated … were exposed to the pandemic in early 2020 had worse stock market performance when the lockdown was announced. These ….The central bank’s surprise policy package announced right after the lockdown seemed to have reversed the adverse impact of the …
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We study the effect of COVID-19 containment measures on expected stock price volatility in some advanced economies, using event studies with hand-collected minute-level data and panel regressions with daily data. We find that six-month-ahead volatility indices dropped following announcements of...
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