This paper uses event study analysis to estimate the impact of the United States Federal Reserve Bank’s (Fed) quantitative easing (QE) announcements on the mortgage market during the zero lower bound (ZLB) period. A total of 35 QE announcements are identified and their effects are evaluated....

The monetary policy shocks have been widely regarded to have effects on the financial markets. Before the 2008 financial crisis, the Federal Reserve adjusted the federal funds target rate to implement the monetary policy. This paper uses event studies to examine the relationship between the...

This paper examines the effect of the Federal Reserve’s quantitative easing (QE) on the cost of bank loans and documents large heterogeneous effects across different firms. In QE1, the average loan spread is 22.7% lower compared to the non-QE period. This effect falls in QE2 and OT and then...

Given any alpha in [0,1], an alpha-constant-sum game on a finite set of players, N, is a function that assigns a real number to any coalition S (being a subset of the player set N), such that the sum of the worth of the coalition S and the worth of its complementary coalition N\S is alpha times...

In view of the nature of pursuing profit, a selfish coefficient function is employed to describe the degrees of selfishness of players in different coalitions, which is the desired rate of return to the worth of coalitions. This function brings in the concept of individual expected reward to...

In view of the nature of pursuing profit, a selfish coefficient function is employed to describe the degrees of selfishness of players in different coalitions, which is the desired rate of return to the worth of coalitions. This function brings in the concept of individual expected reward to...

This study aims at proposing a public-private partnership project including the government (GOVT), coal-fired power plant (CTPP) and solar photovoltaic power plant (PVPP) toward carbon emission reduction and neutralization in China. The project is formed using the CO2 capture and utilization...

Emerging phenomena of ubiquitous multi-source data provide promising avenues for making breakthroughs in financial risk prediction. While most existing methods for financial risk prediction are based on a single information source, which may not adequately capture various complex factors that...

This study is trying to examine the different renewable energy sources and their impact on the economic growth at the state level under sustainable development goal seven (SDG-7). The SDGs goal (7th) defines the importance of clean, affordable and modern energy system in the World. Moreover,...