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]

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

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 >

Language :

Anglais

Popular science :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL