arXiv Open Access 2020

Public Concern and the Financial Markets during the COVID-19 outbreak

Michele Costola Matteo Iacopini Carlo R. M. A. Santagiustina

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Abstrak

We measure the public concern during the outbreak of COVID-19 disease using three data sources from Google Trends (YouTube, Google News, and Google Search). Our findings are three-fold. First, the public concern in Italy is found to be a driver of the concerns in other countries. Second, we document that Google Trends data for Italy better explains the stock index returns of France, Germany, Great Britain, the United States, and Spain with respect to their country-based indicators. Finally, we perform a time-varying analysis and identify that the most severe impacts in the financial markets occur at each step of the Italian lock-down process.

Topik & Kata Kunci

q-fin.ST q-fin.GN

Penulis (3)

Michele Costola

Matteo Iacopini

Carlo R. M. A. Santagiustina

Format Sitasi

APA MLA BibTeX

Costola, M., Iacopini, M., Santagiustina, C.R.M.A. (2020). Public Concern and the Financial Markets during the COVID-19 outbreak. https://arxiv.org/abs/2005.06796

Akses Cepat

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Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓