The Effect of Air Pollution on Investor Behavior:
Evidence from the S&P 500 NBER (2016-10-25)
We provide
detailed empirical evidence of a direct effect of air pollution on the efficient
operation of the New York Stock Exchange, linking short-term variations in fine
particulate matter (PM2.5) in Manhattan to movements in th .. more |
Emerging Market Capital Flows and U.S. Monetary Policy FRB
(2016-10-25)
The years 2009-2011, immediately following the global
financial crisis (GFC), were marked by a surge in capital flows to emerging
market economies (EMEs) coupled with the aggressive loosening of monetary policy
in advanced economi .. more |
Macroprudential policies, the long-term interest rate and the exchange
rate BIS (2016-10-25)
The Bernanke-Blinder closed economy model
suggests that macroprudential policies aimed at bank lending will affect the
domestic long-term interest rate. In an open economy, domestic shocks to
long-term rates are likely to influenc .. more | |