Plausibly Exogenous - Satellite Data (08/23/2021)
LHS Variable
Asset price impact of government macro announcement
RHS Variable
Satellite-based macro estimates
Source of Exogenous Variation
Cloud cover, which prevents satellites from observing economic activity at a few key hubs
- Mukherjee, Panayotov, and Shon (2019), “Eye in the sky: Private satellites and government macro data”