THE EFFECTS OF LABOR MARKET NEWS ON INTERNATIONAL FINANCIAL MARKETS

Adrian Cantemir Calin and Radu Lupu ()

Romanian Economic Business Review, 2016, vol. 11, issue 2, 207-215

Abstract: The dynamics of financial markets tends to be influenced by the launch of news. This new information generates a series of effects that ripple through the markets on all kinds of levels. In this paper we consider a series of announcements specific to the labor market and aim to test their potential impact on a basket of financial assets. We employ three volatility models and observe the fact that labor market announcements induce solid reverberations on a large set of financial assets.

Keywords: labour market; volatility; event study (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:11:y:2016:i:2:p:207-215

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