Using unique data that track college students' performance over multiple high-stakes tests, we study the impact of transitory random disturbances to student cognitive performance and a minimum-passing-score policy on access to graduate education. Exploiting thermal inversions as an instrumental...

We investigate the impact of memory on consumption by linking random disturbances due to variations in air pollution during house viewings with the final house resale transaction price. We use tracked air pollution on the day of viewing and a cross-sectional model with community fixed effects to...

AbstractGreenhouse gas emission reduction in the passenger transport sector is a main challenge for China’s climate mitigation agenda. Electrification and shared mobility provide encouraging options for carbon emissions reduction in road transport. Based on an integrated scenario-based...

Excessive human activities destroy the structure and function of ecosystems and threaten sustainable development. As a typical resource-based area, the overexploitation of resources in Shanxi Province leads to an increasingly serious contradiction between ecosystems and sustainable development....

A stable, low-cost, and reusable Co nanoparticles catalyst imbedded in nitrogen-doped carbon matrix (Co@C-N) for selective catalytic hydrogenation (CHG) of furfural (FF) to furfuryl alcohol (FA) has been exploited. The catalyst is directly derived from 2-methylimidazole modified ZIF-67 MOFs...

Using a sample of pairwise bank lending from source countries to recipient countries, we find mixed evidence on how macroprudential policies implemented by different counterparties affect the incidence of extreme episodes (i.e. surges or sudden stops) in international bank flows. Tighter...

We empirically examine the correlation between extreme episodes of sectoral capital inflows, using a sample of 50 advanced and emerging economies from 2000Q1 to 2021Q4. We document that a sudden stop in one financial sector is often accompanied by a surge in another sector, especially in...

Dividends allow shareholders to receive investment returns; however, Chinese listed companies are often reluctant to share profits with external minority shareholders, instead channeling funds into "tunneling" activities of major shareholders. By examining the China Securities Investor Service...