Showing 1 - 10 of 26
Using a GARCH model, we analyze the influence of U.S. monetary policy action and communication on the price volatility of commodities for the period 1998–2009. We find, first, that U.S. monetary policy events have an economically significant impact on price volatility. Second, expected target...
Persistent link: https://www.econbiz.de/10013128878
We explain Canadian target rate decisions using macroeconomic variables as well as Bank of Canada (BOC) and Federal Reserve (Fed) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to explain and predict 60 target rate decisions between 1998 and 2006....
Persistent link: https://www.econbiz.de/10013151094
Regional cultural identity increases trust and facilitates interaction between native citizens ('social capital'). At the same time, it also affects non-native's migration decisions and their utility as it excludes non-native mobile workers from economic interaction within the region. Policies...
Persistent link: https://www.econbiz.de/10010286387
world. First, we explore possible relations between the prevalence of narratives and the observed behavior in economic … world. Second, we construct a motif distance index that approximates the cultural distance between countries. Third, we …
Persistent link: https://www.econbiz.de/10012208395
By conducting a high-frequency event study similar to Gürkaynak et al.(2005), we find that two factors are needed to adequately capture the effects of monetary policy announcements for a non-inflation targeting emerging market economy, Malaysia. These factors are the surprise changes inthe...
Persistent link: https://www.econbiz.de/10012653875
In 2016, the US elections and Brexit changed the perception and understanding of how social media platforms could influence political outcomes. This has been complemented by the advancement in automation and data processing. This paper studies the influence of bots on online information...
Persistent link: https://www.econbiz.de/10014374545
We study the acceptability of war as a necessary tool to obtain justice under certain conditions across individuals … support for using destructive military force to achieve justice. Overall, the acceptance of war for justice is relatively low … support for war for justice in both countries, such as gender and level of happiness. Support in both countries is also …
Persistent link: https://www.econbiz.de/10013338760
We estimate the opportunity cost for Iran due to the Islamic revolution and eight years' war with Iraq (1978 … loss is equivalent to 40% of income per capita, which an Iranian could reach at the absence of revolution and war. …
Persistent link: https://www.econbiz.de/10012156213
We assemble a data set of more that eight million German Twitter posts related to the war in Ukraine. Based on state …-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach … the war. …
Persistent link: https://www.econbiz.de/10014374630
This paper is based on the conjecture that institutional details matter and that attempts to estimate the economic effects of federalism by drawing on a simple dummy variable neglect potentially important institutional details. Based on a pricipal component analysis, seven aspects of both...
Persistent link: https://www.econbiz.de/10010265878