Conferences - Seminars

  10:30-12:00 Unil, Extranef building, room 126

Empirically, a large fraction of the market equity premium is realized immediately upon macroeconomic announcements, such as the FOMC announcements and the unemployment report. In contrast, macroeconomic quantities respond slowly to these announcements. We show that the joint behavior of the reactions of capital markets and macroeconomic quantities with respect to macro announcements imposes strong ... Read more about "The macroeconomics of announcement premium"
By Hengjie AI, Carlson School of Management, University of Minnesota