论文标题
公众关注和联盟19期间的金融市场
Public Concern and the Financial Markets during the COVID-19 outbreak
论文作者
论文摘要
我们使用Google趋势（YouTube，Google News和Google Search）的三个数据来源来衡量COVID-19疾病爆发期间的公众关注。我们的发现是三倍。首先，发现意大利的公众关注是其他国家关注的驱动力。其次，我们记录了Google趋势数据的数据更好地解释了法国，德国，英国，美国和西班牙的股票指数回报，以基于国家的指标。最后，我们进行了时间变化的分析，并确定金融市场中最严重的影响发生在意大利锁定过程的每个步骤。
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.
