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STRENGTH OF WORDS: DONALD TRUMP'S TWEETS, SANCTIONS AND RUSSIA'S RUBLE
Journal of Economic Behavior and Organization. 2021. Vol. 184. P. 353-377.
We empirically test if the US President Donald Trump's rhetoric towards Russia (represented by his Russia-related tweets) affects ruble's exchange rate. Using three-stepped empirical framework, we find that escalation of negative sentiment of Trump's Russia-related tweets leads to ruble's depreciation (4–10%) in short-term periods (around 3 days). Though these episodes tend to coincide with imposition or announcement of US sanctions, we demonstrate that US sanctions that were not accompanied by negative tweets of Donald Trump, have not caused ruble's depreciation. This highlights the role of emotional factors in economic decision-making behavior.
Gavrilenkov E. E., Struchenevsky A. A., Эффективное антикризисное управление 2010 № 4(63) С. 24-29
В последние месяцы динамика курса рубля была необычной. В отличие от большинства других развивающихся рынков, где наблюдался значительный рост экономики и приток капитала, в России в 2010 году отмечается отток капитала. Одни эксперты не исключают, что Банк России в ближайшее время может повысить процентные ставки. Другие считают, что необходимости в этом нет. ...
Added: November 7, 2012
Sokolov D., Selivanovskikh L., Zavyalova E. et al., Russian Management Journal 2018 Vol. 16 No. 4 P. 499-512
In this study we analyze topics and sentiments of online job reviews for 989 organizations operating across 12 different knowledge-intensive industries in Russia. Using text mining techniques, such as topic modeling and sentiment analysis, we identify factors of job satisfaction and examine how they differ for former and current employees of Russian organization. The analysis ...
Added: January 26, 2021
Fischer S., / Высшая школа экономики. Series WP BRP 55/LNG/2017. 2007. No. 02.
In this paper I reflect on my first year as Governor of the Bank of Israel, which I joined in May 2005. I start by describing the current state of the Israeli economy and monetary policy and economic developments during the past year. I then review a series of issues that
have arisen during the past ...
Added: March 12, 2013
Smetanin S., Komarov M. M., Information Processing and Management 2021 Vol. 58 No. 3 Article 102484
Recently, transfer learning from pre-trained language models has proven to be effective in a variety of natural language processing tasks, including sentiment analysis. This paper aims at identifying deep transfer learning baselines for sentiment analysis in Russian. Firstly, we identified the most used publicly available sentiment analysis datasets in Russian and recent language models which ...
Added: January 28, 2021
Sosunov K. A., Ushakov N., / Высшая школа экономики. Series WP12 "Научные доклады лаборатории макроэкономического анализа". 2009. No. 02.
The equilibrium real exchange rate of Russian ruble is estimated for the period from the beginning
of 1995 to the beginning of 2008. According to the methodological approach proposed by Edwards
(1988) the equilibrium real exchange rate is a function of a set of fundamental variables (so-called “reduced
form equation”). In order to estimate an equilibrium real exchange ...
Added: March 15, 2013
Andreeva A., Никитина М. С., Бренд-менеджмент 2012 № 4(65) С. 226-243
В настоящей статье представлены результаты оригинального исследования возможностей сентимент-анализа брендов как нового современного инструмента маркетинговых исследований. Авторы проанализировали упоминания о бренде iPad в российских журналистских блогах и микроблогах платформы Twitter. Предложен обобщенный алгоритм проведения сентимент-анализа брендов, состоящий из набора методов и рекомендаций по оценке и аналитической обработке данных в рамках рассматриваемой методологии.
Содержание статьи.
• Введение, или ...
Added: November 20, 2012
Dobrynskaya V. V., / Высшая школа экономики. Series WP BRP 55/LNG/2017. 2007. No. 04.
This paper analyses the optimal monetary policy under incomplete pass-through and asymmetric price rigidity. In a general equilibrium sticky price model of a small open economy we fi nd that the optimal interest rate rule is to respond to all types of shocks in an economy: real exchange rate shocks, supply shocks and demand shocks. ...
Added: March 12, 2013
Sosunov K. A., Zamulin O. A., / Высшая школа экономики. Series WP BRP 55/LNG/2017. 2007. No. 17.
The paper investigates the ability of monetary authorities to keep the real exchange rate undervalued over the long run by implementing a policy of accumulating foreign exchange reserves. We consider a model of a three-sector, small, open economy, where the central bank continuously purchases foreign currency reserves and compare the results to Russian and Chinese ...
Added: March 14, 2013
Dabrowski M., Dominguez-Jimenez M., / Bruegel. Series Bruegel blog "Bruegel blog". 2020.
Emerging economies have received little attention in the economic debate regarding the COVID-19 pandemic, yet the performance of their primary market indicators, chiefly sovereign debt, foreign exchange and equities, indicate a deep deterioration is taking place. Times of crisis often lead to capital flight from emerging markets as investors seek safe haven assets, while the ...
Added: October 29, 2020
Merzlyakov S., Pekarski S. E., Горизонты экономики 2015 Т. 23 № 4 С. 37-45
This paper focuses on the role of central bank conservatism while an optimal macroeconomic policy in export-oriented economy is conducted. The main research question is whether monetary policy should be carried out by the central bank, which gives higher priority to inflation rather than output, regardless of the form of strategic monetary and fiscal policy ...
Added: October 1, 2015
Petronevich M., Экономическая политика 2010 № 4 С. 82-91
Либерализация валютной политики увеличит волатильность курса рубля выше характерных для основных валютных пар уровней. Анализ показывает, что это может привести к увеличению волатильности финансовых потоков несырьевых отраслей, снижению роста спроса в моменты благоприятной ценовой конъюнктуры, повышению издержек вследствие дорогого хеджирования валютных рисков. Автор полагает, что валютный курс не должен отражать сырьевую ренту и предлагает ряд ...
Added: October 23, 2012
Merzlyakov S., Panoeconomicus 2012 Vol. 59 No. 2 P. 201-216
Solving the problem of stabilizing the economy is directly tied to the necessity of keeping the main macroeconomic variables stable. However, macroeconomic stability is not in the general case a purely fiscal or a purely monetary problem. How the central bank and the government interact is of principle importance. We investigate the impact of macroeconomic ...
Added: October 30, 2012
Pitersen D., Экономика и предпринимательство 2016 Т. 10 № 10-1 С. 1167-1171
The relevance of this study is due to the need to identify the degree of statistical interdependence
of text messages, which are available on the Internet, and the financial results of companies. The main purpose
of the work is to identify features of the text messages that can help to differentiate between successful organizations
and organizations, which are ...
Added: January 30, 2017
Pikhteev Y., Корнейченко Е. Н., Новопашина А. Н., Известия Саратовского университета. Новая серия. Серия: Экономика. Управление. Право 2021 Т. 21 № 4 С. 398-404
Introduction. The article examines the spatial heterogeneity and factors of the exchange rate pass-through effect in consumer prices in Russian regions. Two hypotheses are tested. The first hypothesis is that there are differences in the magnitude of the pass-through between the Russian regions, the second is the significant influence of spatial relationships between regions on ...
Added: March 15, 2022
Pikhteev Y., Корнейченко Е. Н., Новопашина А. Н., Известия Саратовского университета. Новая серия. Серия: Экономика. Управление. Право 2020 Т. 20 № 1 С. 4-15
Introduction. National currency exchange rate change can lead to a change in prices for both imported and domestic goods. Therefore, the growth of inflation observed in 2014-2015, accompanied by the ruble depreciation raises the question: what role did currency shocks play in this? The study is devoted to assessing the pass-through in Russia. Theoretical analysis. ...
Added: March 15, 2022
Kuznetsova O., Ulyanova S., Экономический журнал Высшей школы экономики 2018 Т. 22 № 2 С. 228-250
This paper measures the effects of the Russian Government and the Bank of Russia’s verbal interventions on the USD/RUB exchange rate. To take into account the verbal interventions by the Bank of Russia, we analyze the announcements made by the members of its Board of Directors and by the press-service. Concerning the communication policy of ...
Added: September 14, 2018
Suveyka S., Финансовый бизнес 2015 № 4(177) С. 54-63
In this paper we analyze what are the channels of exchange rate dynamics effect on corporate bond yield spread. Under the uncovered interest rate parity (UIP) exchange rate level and interest rates are linked so that the yields in two countries are equal. There is an evidence in literature that exchange rate volatility also plays ...
Added: February 24, 2016
Maksim Kopyrin, Naidenova I. N., Journal of Corporate Finance Research 2021 Vol. 15 No. 2 P. 5-15
Information about companies published in a news feed is invariably tinted by emotional tonality. As such, resulting
perceptions may influence the opinion of market players, and consequently affect the dynamics of a company’s share
price. This study aims to evaluate various hypotheses about the impact of the tone of news items regarding dividends,
capital expenditures, and development on ...
Added: June 16, 2021
Dobrynskaya V. V., Levando D. V., / Высшая школа экономики. Series WP9 "Исследования по экономике и финансам". 2005. No. 02.
This paper studies exchange rate pass-through effect (PTE) on consumer and producer prices in Russia using Error Correction Model. We find that PTE is significant on most prices studied and very diverse, but it is incomplete even in the long run. We also find some asymmetry in price reactions to exchange rate appreciation and depreciation. ...
Added: March 18, 2013
Mironov V., Вопросы экономики 2015 № 12 С. 3-30
The fall in the oil prices from mid-2014 is causing a decrease in domestic demand and a strong devaluation of the ruble, which in turn promotes the growth of the price competitiveness of Russian producers, stimulates supply side of the economy (especially in foreign markets, where there is no recession), and thus creates, the possibility ...
Added: October 21, 2015
Цатурян Э. О., Павельев В. П., Аллаберганов А. К., Научное обозрение 2015 № 11 С. 343-350
This article examines the influence of changes in the tax burden on the cash flows of the company and provides the results of evaluation of changes in cash flows during modernization and diversification of production. ...
Added: January 19, 2016
Dabrowski M., Russian Journal of Economics 2022 Vol. 8 No. 2 P. 95-121
The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet Union (FSU) from 1992 to 2021, after obtaining political and economic independence in 1991. Special attention is given to problems of macroeconomic stabilization and economic growth. As a result of structural distortions
inherited from the Soviet economy and ...
Added: September 3, 2022
Vernikov A. V., Emerging Markets, Finance & Trade 1995 Vol. 31 No. 5 P. 35-46
Added: February 17, 2013
Lipatnikov V. S., Гребенькова Е. С., Проблемы теории и практики управления 2014 № 12 С. 89-96
In this article is conducted research of the mechanism of selection of venture innovative projects. We studied the factors, which influence a choice of business angels. The purpose of work was to receive an advanced system of estimation of projects. On the basis of the survey it is possible to say that the financing of ...
Added: December 8, 2014