Given the current situation, we move the Brown Bag Seminars to Microsoft Teams. If you want to test your equipment or the new environment in general please follow this link. You need either the desktop application or one of two browsers, Edge or Chrome. While not necessary for participating in the streams, you can join the respective Team by follow this link if you are a WU affiliate.

The next Brown Bag Seminar is scheduled for Thuresday, May 14^th, 2020, 12:00-13:00 via MS Teams. The meeting will open at 13:15 for you to dial in. To join the stream please follow this link.

Our speaker will be John Cotter (University College Dublin).

He will give a talk on "Macro-​Financial Spillovers".

Abstract: We analyze spillovers between the real and financial sides of the US economy allowing for differences in sampling frequency between financial and macroeconomic data. We find that financial markets are typically net transmitters of shocks to the real side of the economy, particularly during turbulent market conditions. Our macro-financial spillover measures are found to have significant predictive ability for future US macroeconomic conditions in both in-sample and out-of-sample forecasting environments. Furthermore, the predictive ability of our macro-financial measures frequently exceeds that of purely financial systemic risk measures previously employed in the literature for the same task.