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factors determining the relative importance of releases, the time series properties and the information content of the … macroeconomic news flow are investigated. In particular, several types of information regarding inflation and economic strength are … distinguished. The explanatory power of the type of information is tested against the alternative hypothesis that the timeliness of …
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information about macroeconomic fundamentals. Pre-announcement drift might originate from a combination of information leakage and …
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on average for about half of the total price adjustment. These results imply that some traders have private information … information leakage and superior forecasting based on proprietary data collection and reprocessing of public information …
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Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal … the Nielsen Homescan panel with different combinations of information about the severity of the pandemic, recent actions …
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