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Proposer
Ian Tan
Title
Effect of Economic Uncertainty on Bitcoin prices
Goal
To determine whether the economic uncertainty measure has an impact of Bitcoin prices
Description
The "Kellogg economic uncertainty measure", or commonly known as the Economic Policy Uncertainty (EPU) index was developed at the Kellogg School of Management, Northwestern University, by Scott Baker, Nicholas Bloom, and Steven J. Davis. This project is about determining whether economic uncertainty has an impact on the prices of cyptocurrency, mainly Bitcoin. The EPU index is constructed from extracting information from newspaper articles where it quantifies the level of economic policy uncertainty through the frequency of articles containing specific keywords. Using this EPU and time lagged Bitcoin (or other crytocurrency) prices, the project is to determine whether there is a correlation, and more importantly, whether a causation can be determined using Granger causality, cross-correlation causality, or other appropriate algorithms.
Resources
Background
Url
Difficulty Level
Easy
Ethical Approval
None
Number Of Students
1
Supervisor
Ian Tan
Keywords
bitcoin, economic uncertainty, correlation, causation
Degrees
Bachelor of Science in Computing Science
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