Rotation towards normality – the impact of COVID-19 vaccine-related news on global financial markets
Johannes Gräb (),
Moritz Kellers and
Helena Le Mezo
Economic Bulletin Boxes, 2021, vol. 1
Using a database on vaccine probability events dating back to April 2020, this box assesses the impact of a broad range of COVID-19 vaccine-related news on global financial markets. It finds that positive vaccine news leads to a rotation back towards assets hardest hit by the pandemic, disproportionately benefits lagging economies and has a positive net effect on financial conditions. JEL Classification: F30, G15
Keywords: COVID; Global financial markets; vaccine (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2021:0001:2
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