Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/227634
Authors: 
Levy, Daniel
Mayer, Tamir
Raviv, Alon
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 2020-01
Abstract: 
Textual analysis of the NBER Working Papers published during 1999-2016 is done to assess the effects of the 2007-2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to "crisis/crises" in the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly, focusing on the links between 'Repo-and-Securitization' and the crisis. In contrast, WPs in macroeconomics-related programs refer extensively to "crisis/crises" in the pre-crisis period. These WPs abandon topics of 'Sudden-Stop' and 'Emerging-Markets' as the crisis developed.
Subjects: 
2008 Financial Crisis
Financial Crises
Textual Analysis
LDA Topic Modeling
Securitization
Repo
Sudden Stop
JEL: 
A11
C38
C55
E32
E44
E52
E58
F30
G01
G20
G21
G28
Document Type: 
Working Paper

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