Senior Fellows/Fellows

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Senior Fellows/Fellows

Policy News and Stock Market Volatility

Steven J. DAVIS, Scott R. BAKER, Nicholas A. BLOOM, Kyle KOST
We create a newspaper-based Equity Market Volatility (EMV) tracker that moves with the VIX and with the realized volatility of returns on the S&P 500. Parsing the underlying text, we find that 72 percent of EMV articles discuss the Macroeconomic Outlook, and 44 percent discuss Commodity Markets....
Keywords: stock market, equity returns, volatility, uncertainty, government policy
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Does Foreign Direct Investment Lead to Industrial Agglomeration?

Wen-Tai HSU, Yi LU, Xuan LUO, Lianming ZHU
This paper studies the effect of foreign direct investment (FDI) on industrial ag-glomeration. Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI actually affects industrial agglomeration nega-tively. This result is somewhat counter-intuitiv...
Keywords: industrial agglomeration, Ellison-Glaeser index, Competition, foreign di-rect investment, special economic zones, WTO, China
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Members' Digest

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2020

Inflation Expectations and Household Consumption

Sumit AGARWAL, Bernard YEUNG
Keywords: Sumit Agarwal, Bernard YEUNG
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Members' Digest

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2019

Management Practices and the Wealth of Nations

Nicholas A. BLOOM
Keywords: Nicholas BLOOM
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Members' Digest

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2018

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May 2018

Chairing a Bankosaurus: Has the Meteor Landed, or can Banks Evolve and Survive?

Howard DAVIES
Keywords: Howard DAVIES (Royal Bank of Scotland)
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