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Researchers find a connection between Trump's tweets and the exchange rate of the rouble


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Tweets about Russia by Donald Trump during his presidency caused short but noticeable depreciations of the rouble. Meanwhile, the introduction of new sanctions, upon which the president did not comment, had no such effect. This was the finding of a group of researchers, which included Elena Fedorova, Professor of the Faculty of Economic Sciences of HSE University. The group published their findings in in the
With the growing influence of social media, officials, politicians, and entrepreneurs increasingly express their positions on various issues directly (for example, using Facebook or Twitter), and their messages serve as an independent source of financial and business information. When global political and economic processes depend on the decisions of this person (as in the case of the President of the United States), their social media posts can even affect indicators such as oil prices or the rouble exchange rate. Researchers have already examined the impact ....

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