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Assets bubbles, unemploymen, and financial market frictions

Hashimoto, Ken'ichi; Im, Ryonghun; Kunieda, Takuma; … - 2020

A tractable model with infinitely lived agents is constructed for the examination of bubbles and unemployment. It is … demonstrated that the presence of bubbles stimulates capital accumulation and reduces unemployment. The presence of bubbles also … changes the effects of government policies that target unemployment and welfare conditions in the labor market. The main …

Persistent link: https://www.econbiz.de/10012254416

Fiscal Policy Shocks and Stock Prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2021

This paper uses structural vector autoregressive models (SVARs) to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1979, an expansionary spending or revenue shock was associated with higher stock prices. After 1980, the response of stock prices to...

Persistent link: https://www.econbiz.de/10013220869

Animal spirits, the stock market, and the unemployment rate : some evidence for German data

Fritsche, Ulrich; Pierdzioch, Christian - 2016 - First version: January 2016

", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger … (2015) for U.S. data, we found that the stock market Granger causes unemployment in the short run and the long run when we … control for a deterministic trend in the unemployment rate. Results of a frequency-domain test show that, in the short run …

Persistent link: https://www.econbiz.de/10011415821

Asset prices and unemployment fluctuations

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - 2020

Persistent link: https://www.econbiz.de/10012182810

Countercyclical Fluctuations in Uncertainty are Endogenous

Bernstein, Joshua; Plante, Michael; Richter, Alexander W.; … - 2021

This paper uses a battery of calibrated and estimated structural models to determine the causal drivers of the negative correlation between output and aggregate uncertainty. We find the transmission of uncertainty shocks to output is weak, while aggregate uncertainty endogenously responds to...

Persistent link: https://www.econbiz.de/10013219154

Search Intensity and Asset Prices

Luo, Ding; Tong, Jincheng - 2022

Job search decisions of unemployed workers are forward-looking and respond to expected returns from the search process. When expected returns (or discount rates) are high, the discounted benefits from the search process are low. Thus unemployed workers search less intensively for jobs. We build...

Persistent link: https://www.econbiz.de/10014235643

Information Networks : Evidence from Illegal Insider Trading Tips

Ahern, Kenneth R. - 2016

This paper exploits a novel hand-collected dataset to provide a comprehensive analysis of the social relationships that underlie illegal insider trading networks. I find that inside information flows through strong social ties based on family, friends, and geographic proximity. On average,...

Persistent link: https://www.econbiz.de/10013005786

The convergence and divergence of investors' opinions around earnings news : evidence from a social network

Giannini, Robert; Irvine, Paul; Shu, Tao - In: Journal of financial markets 42 (2019), pp. 94-120

Persistent link: https://www.econbiz.de/10012316277

Time-varying Granger causality between the stock market and unemployment in the United States

Fromentin, Vincent - In: Applied economics letters 30 (2023) 3, pp. 371-378

Persistent link: https://www.econbiz.de/10013553475

The reaction of stock market returns to anticipated unemployment

Gonzalo, Jesús; Taamouti, Abderrahim - 2011

Persistent link: https://www.econbiz.de/10009704718

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