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

Daniel Levy (), Tamir Mayer and Alon Raviv

MPRA Paper from University Library of Munich, Germany

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: A10 A23 C55 E0 E20 E30 E44 E58 E60 F33 F34 F40 F44 F45 F62 F65 G01 G12 G13 G14 G15 G18 G20 G21 G22 G23 G24 G28 G32 G38 K22 L51 M0 N20 Z13 (search for similar items in EconPapers)
Date: 2020-02-23
New Economics Papers: this item is included in nep-cfn, nep-his and nep-mac
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https://mpra.ub.uni-muenchen.de/98785/1/MPRA_paper_98785.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/98814/9/MPRA_paper_98814.pdf revised version (application/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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