Titre :

Dragging a heavy load to the central bank:influence of experienced natural and man-made disasters on central bankers’ behaviour

Auteur(s) :

Aslam, Maqsood [Auteur]
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Malan, Franck Adonis [Auteur]

Titre de la revue :

Applied Economics Letters

Pagination :

1-9

Éditeur :

Taylor & Francis

Date de publication :

2022-05-12

ISSN :

1350-4851

Mot(s)-clé(s) en anglais :

Conservatism
Inflation
Natural disasters
Wars
Hyperinflation

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL