Dragging a heavy load to the central ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Dragging a heavy load to the central bank:influence of experienced natural and man-made disasters on central bankers’ behaviour
Author(s) :
Aslam, Maqsood [Auteur]
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Malan, Franck Adonis [Auteur]
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Malan, Franck Adonis [Auteur]
Journal title :
Applied Economics Letters
Pages :
1-9
Publisher :
Taylor & Francis
Publication date :
2022-05-12
ISSN :
1350-4851
English keyword(s) :
Conservatism
Inflation
Natural disasters
Wars
Hyperinflation
Inflation
Natural disasters
Wars
Hyperinflation
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
How do natural and man-made disasters faced by central bankers in their impressionable years influence their decision-making? Using data on a large panel of central bankers from developing and developed countries, we find ...
Show more >How do natural and man-made disasters faced by central bankers in their impressionable years influence their decision-making? Using data on a large panel of central bankers from developing and developed countries, we find that central bankers who have experienced a larger number of natural as well as man-made disasters tend to act in a more conservative way. In particular, the experience of famines is the most traumatizing and influential. The results are robust to the inclusion of control variables and alternative measures of disasters, and reveal strong behavioural differences when comparing before and after the 2008 financial crisis.Show less >
Show more >How do natural and man-made disasters faced by central bankers in their impressionable years influence their decision-making? Using data on a large panel of central bankers from developing and developed countries, we find that central bankers who have experienced a larger number of natural as well as man-made disasters tend to act in a more conservative way. In particular, the experience of famines is the most traumatizing and influential. The results are robust to the inclusion of control variables and alternative measures of disasters, and reveal strong behavioural differences when comparing before and after the 2008 financial crisis.Show less >
Language :
Anglais
Popular science :
Non
Collections :
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