We build a new measure of investors’ attention around FOMC announcements by employing the Google Search Volume Index. Our measure shows that investors’ attention contributes and heightens the FOMC equity premium and reduces the volatility around the announcement. Although, we don’t claim...

This research explores an alternative explanation for the equity premium associated with Federal Open Market Committee (FOMC) announcement days that accounts for a sizable fraction of annual equity returns. My evidence shows that investor expectations formulated prior to FOMC announcements have...

Faith-based mutual funds have recently become a growing corner of the mutual fund industry. Morality and ethics are thought to exert an influence on investors' decisions in this segment, although their role in driving such investments is not clear as these funds are also attractive due to their...

Faith-based mutual funds have recently become a growing corner of the mutual fund industry, where morality and ethics is thought to exert an influence on investors’ decisions. While Islamic funds have grown, it is not entirely clear whether investors are drawn to these funds due to their own...

This paper investigates whether financial markets stability matters in setting monetary policy in the case of the European Central Bank and Bank of England over the period 2003-2018. We adopt a forward-looking version of the Taylor rule as well as a Tri-mandate Taylor rule and we show that they...

Faith-based mutual funds have recently become a growing corner of the mutual fund industry. Morality and ethics are thought to exert an influence on investors' decisions in this segment, although their role in driving such investments is not clear as these funds are also attractive due to their...

This paper aims to assess the profitability and employees' productivity of Italian innovative start-ups with a new composite index: the Start-ups Performance score (SP-score). In recent years, the Italian government has made several efforts to foster the economy, establishment, and growth of...