Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Daniel Levy (), Tamir Mayer () and Alon Raviv
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Tamir Mayer: Graduate School of Business Administration, Bar-Ilan University, Israel

Working Paper series from Rimini Centre for Economic Analysis

Abstract: Textual analysis of the NBER Working Papers published during 1999–2016 is done to assess the effects of the 2007–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to “crisis/crises” in the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly, focusing on the links between ‘Repo-and-Securitization’ and the crisis. In contrast, WPs in macroeconomics-related programs refer extensively to “crisis/crises” in the pre-crisis period. These WPs abandon topics of ‘Sudden-Stop’ and ‘Emerging-Markets’ as the crisis developed.

Keywords: 2008 Financial Crisis; Financial Crises; Textual Analysis; LDA Topic Modeling; Securitization; Repo; Sudden Stop (search for similar items in EconPapers)
JEL-codes: A11 C38 C55 E32 E44 E52 E58 F30 G01 G20 G21 G28 (search for similar items in EconPapers)
Date: 2020-02
New Economics Papers: this item is included in nep-mac
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http://rcea.org/RePEc/pdf/wp20-05.pdf

Related works:
Working Paper: Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers (2020)
Working Paper: Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers (2020)
Working Paper: Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers (2020)
Working Paper: Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:20-05

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