Type : Conférences et séminaires
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Events
DF Lunch Seminar: Tough Talk: The Fed and the Risk Premium
En savoir plusAbstract:The Federal Reserve faces a challenge of supporting the economy by cutting rates aggressively in downturns and potentially creating uncertainty about future output gap, inflation, and interest rates. We study how the Fed’s communication of its forward-looking policy stance affects risk premia in financial markets. We analyze private deliberations of the Federal Open Market Committee…
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Events
DF Lunch Seminar – Social Media as a Bank Run Catalyst
En savoir plusAbstract: Social media fueled a bank run on Silicon Valley Bank (SVB), and the effects werefelt broadly in the U.S. banking industry. We employ comprehensive Twitter data toshow that preexisting exposure to social media predicts bank stock market losses inthe run period even after controlling for bank characteristics related to run risk (i.e.,mark-to-market losses and uninsured…