Easing ("tapering") impact asset prices. To quantify beliefs of market participants, we use data from Twitter, the social … media application. Our data set covers the entire Twitter volume on Federal Reserve tapering in 2013. Based on the time … series of beliefs about an early or late tapering, we estimate a VAR model with appropriate sign restrictions on the impulse …

tapering may trigger financial instability in those countries. The central objective of our paper is to empirically investigate … different factors which influence the effect of QE tapering on financial instability in order to identify the most significant … magnified the effect of QE tapering on financial instability. While there is no evidence that macroprudential policies directly …