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Full-Text Articles in Social and Behavioral Sciences
From Antipolitics To Post-Neoliberalism: A Conversation With James Ferguson, Nils Gilman, Miriam Ticktin, James Ferguson
From Antipolitics To Post-Neoliberalism: A Conversation With James Ferguson, Nils Gilman, Miriam Ticktin, James Ferguson
Publications and Research
Humanity co-editors Nils Gilman and Miriam Ticktin spoke with James Ferguson on May 31, 2013, at Stanford University.
Does U.S. Macroeconomic News Make Emerging Financial Markets Riskier?, Esin Cakan, Nadia Doytch, Kamal P. Upadhyaya
Does U.S. Macroeconomic News Make Emerging Financial Markets Riskier?, Esin Cakan, Nadia Doytch, Kamal P. Upadhyaya
Publications and Research
This study analyzes the impacts of US macroeconomic announcement surprises on the volatility of twelve emerging stock markets by employing asymmetric GJR-GARCH model. The model includes both positive and negative surprises about inflation and unemployment rate announcements in the U.S. We find that volatility shocks are persistent and asymmetric. Asymmetric volatility increases with bad news on US inflation in five out of the twelve countries studied and it increases with a bad news on U.S. unemployment in four out of twelve countries. Asymmetric volatility decreases with good news about US employment situation in eight countries out of twelve countries. Such …