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international financial markets to the 2016 US presidential election. The surprise election outcome represents an exogenous shock … expectations for third countries according to countries' exposure to the election shock. We argue that countries with dense … financial ties to the US benefited from expectations of regulatory reform in Wall Street. We estimate the election effect on …
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resilient is the renewable energy industry to adverse political events? I use the unexpected election of Donald Trump in the … election is a plausible negative shock to the renewable energy sector. I examine stock market data to gauge the reaction of … investors. I find that renewable energy stocks were adversely affected by the election. Overall, they experienced a cumulative …
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We analyze the interaction between monetary policy in the US and the global economy, using a global vector autoregressive model with time-varying parameters and stochastic volatility (TVP-SV-GVAR). We find that a contractionary US monetary policy shock leads to a persistent fall in international...
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The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the...
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