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DTSTART;TZID=Europe/Paris:20251014T120000
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UID:24443-1760443200-1760447700@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Matthieu Picault (IESEG School of Management)
DESCRIPTION:Séminaire d’économie de Bordeaux\n \nMatthieu Picault\n (IESEG School of Management\, France) \n  \nMarket disappointment with central bank announcements\nAuthors : Julien Pinter (Universidad de Alicante\, Departamento Fundamentos del Análisis Económico\, Spain) & \n \n \nAbstract : We construct an index of market disappointment caused by the content of central bank announcements for the Fed and the ECB by extracting market perceptions reported in leading financial newspapers. We document that disappointment is frequently reported\, mostly reflecting the market’s preference for a more accommodative policy stance. Disappointment distinctly impacts the market’s perception of the monetary policy rule\, depresses stock prices\, and raises volatility in the days after announcements. The reversal patterns found and additional analysis are consistent with an investor-sentiment channel. Overall\, our results highlight that emotional responses to monetary policy announcements contain valuable information for understanding financial market dynamics.\n \n \n \n \n– Séminaire organisé par le programme 4 / BSE –\n \n  \n>> pour assister au séminaire via Zoom\, contacter julie.vissaguet@u-bordeaux.fr \n\n \nAgenda > Tous les événements\n\n \n  \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-matthieu-picault-ieseg-school-of-management/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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