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The Effects Of Labor Market News On International Financial Markets

Author

Listed:
  • Adrian Cantemir CĂLIN

    (Institute for Economic Forecasting, Romanian Academy)

  • Radu LUPU

    (Institute for Economic Forecasting, Romanian Academy)

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.

Suggested Citation

  • Adrian Cantemir CĂLIN & Radu LUPU, 2016. "The Effects Of Labor Market News On International Financial Markets," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 207-215, June.
    • Handle: RePEc:rau:journl:v:11:y:2016:i:2:p:207-215
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    References listed on IDEAS

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