Arbeitspapier
COVID-19 and financial markets: Assessing the impact of the coronavirus on the eurozone
COVID-19 has quickly emerged as a novel risk, generating feverish behavior among investors, and posing unprecedented challenges for policymakers. The empirical analysis provides evidence for a significant negative effect on stock markets of COVID-19-related measures announced in the Euro Area from January 1st, 2020 to May 17th, 2020. Further negative effects are detected for movements in bond yields, EU volatility index, Google trends, and infection rates. Health measures have, instead, a significant positive effect, while fiscal policy announcements are not significant.
- ISBN
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978-3-86788-995-7
- Sprache
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Englisch
- Erschienen in
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Series: Ruhr Economic Papers ; No. 859
- Klassifikation
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Wirtschaft
Financial Markets and the Macroeconomy
International Financial Markets
- Thema
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Coronavirus
COVID-19
investor behavior
stock market volatility
containment policies
policy announcements
fiscal policy
- Ereignis
-
Geistige Schöpfung
- (wer)
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D'Orazio, Paola
Dirks, Maximilian W.
- Ereignis
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Veröffentlichung
- (wer)
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RWI - Leibniz-Institut für Wirtschaftsforschung
- (wo)
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Essen
- (wann)
-
2020
- DOI
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doi:10.4419/86788995
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- D'Orazio, Paola
- Dirks, Maximilian W.
- RWI - Leibniz-Institut für Wirtschaftsforschung
Entstanden
- 2020