Global demand and supply sentiment : evidence from earnings calls / by Temel Taskin and Franz Ulrich Ruch.: FB3-5/2023-37E-PDF
"This paper quantifies global demand, supply and uncertainty shocks and compares two major global recessions: the 2008–09 Great Recession and the COVID-19 pandemic. We use two alternate approaches to decompose economic shocks: text mining techniques on earning call transcripts and a structural Bayesian vector autoregression model. The results highlight sharp contrast in the size of supply and demand shocks over time and across sectors. While the Great Recession was characterized by demand shocks, COVID-19 caused sizable disruptions to both demand and supply. These shocks were broad-based with varying relative importance across major sectors. Furthermore, certain sub-sectors, such as professional and business services, internet retail, and grocery/department stores, fared better than others during the pandemic"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927540&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Global demand and supply sentiment : evidence from earnings calls / by Temel Taskin and Franz Ulrich Ruch. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-37 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: June 30, 2023." Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Author / Contributor | Taskin, Temel, author. |
| Description | 1 online resource (ii, 32 pages) : charts. |
| Catalogue number |
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| Subject terms | COVID-19 Pandemic, 2020- -- Economic aspects. Financial crises. Recessions. Pandémie de COVID-19, 2020- -- Aspect économique. Crises financières. Récessions. |
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