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Moritz Kellers

1 February 2021
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 1, 2021
Details
Abstract
Using a database on vaccine probability events dating back to April 2020, this box assesses the impact of a broad range of COVID-19 vaccine-related news on global financial markets. It finds that positive vaccine news leads to a rotation back towards assets hardest hit by the pandemic, disproportionately benefits lagging economies and has a positive net effect on financial conditions.
JEL Code
F30 : International Economics→International Finance→General
G15 : Financial Economics→General Financial Markets→International Financial Markets