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Threats to Central Bank Independence: High-Frequency Identification with Twitter

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NBER2019-09-01 更新2025-01-04 收录
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A high-frequency approach is used to analyze the effects of President Trumps tweets that criticize the Federal Reserve on financial markets. Identification exploits a short time window around the precise timestamp for each tweet. The average effect on the expected fed funds rate is negative and

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2019-09-01
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