Annual Conference

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International Macroeconomics, Money & Banking

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May 2016

Monetary Policy and Financial Spillovers: Losing Traction?

Piti DISYATAT, Phurichai RUNGCHAROENKITKUL
Has financial globalisation compromised central banks' ability to manage domestic financial conditions? This paper tackles this question by studying the dynamics of bond yields encompassing 31 advanced and emerging market economies. To gauge the extent to which external financial conditions complica...
Keywords: monetary policy, financial spillovers, contagion, interest rates, trilemma, bond risk premium, capital flows
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Annual Conference

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Investment Finance, Senior Fellows/Fellows

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May 2019

Molecular Genetics Risk Aversion Return Perceptions and Stock Market Participation

Laura STARKS, Richard SIAS, H. J. TURTLE
We show that molecular variation in DNA related to cognition, personality, health, and body shape, predicts an individual’s equity market participation and risk aversion. Moreover, the molecular genetic endowments predict individuals’ return perceptions, most of which we find to be strikingly bi...
Keywords: Molecular genetics, stock market participation, risk aversion, genetic endowments
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2017

Modelling Yields at the Lower Bound through Regime Shifts

Peter HORDAHL, Oreste TRISTANI
We propose a regime-switching approach to deal with the lower bound on nominal interest rates in dynamic term structure modelling. In the “lower bound regime”, the short term rate is expected to remain constant at levels close to the effective lower bound; in the “normal regime”, the short r...
Keywords: monetary policy rate expectations, regime switches, term premia, term structure of interest rates, zero lower bound
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Annual Conference

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Accounting

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May 2024

Mobile Internet and Analyst Forecast Performance

Bingxu FANG, Sterling HUANG, Sugata ROYCHOWDHURY, Ewa SLETTEN
We study the impact of mobile internet technology on analyst forecast performance. Mobile internet facilitates uninterrupted access to various types of information and provides productivity tools for professionals. As such, it can help financial analysts gain immediate access to information and inte...
Keywords: mobile internet, Financial analysts, forecast accuracy, forecast timelines
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Mitigating COVID-19 Risks to Sustain Growth

Neng WANG, Jinqiang YANG, Harrison HONG
The debate about the economic fallout from the arrival of Covid-19 is increasingly framed as an either/or — sacrificing the economy through mitigation strategies such as social distancing or imperiling millions of lives. We argue that this framing misses the benefits of mitigation for the economy ...
Keywords: COVID-19, Pandemic, Growth
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