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By using a nonlinear VAR model, we investigate whether the response of the US stock and housing markets to uncertainty shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility shocks in periods of normal and financial distress....
Persistent link: https://www.econbiz.de/10013351835
understanding the global financial crisis of 2007-09. …
Persistent link: https://www.econbiz.de/10010286893
understanding the global financial crisis of 2007-09. …
Persistent link: https://www.econbiz.de/10009359859
find that, after a financial crisis, democracies neither open nor close their economy. On the contrary, autocracies reduce …
Persistent link: https://www.econbiz.de/10012180125
reverse QE (RQE) periods while the EU EPU makes Asian markets vulnerable during the Eurozone debt crisis. The large …
Persistent link: https://www.econbiz.de/10012269952
This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan, and South Korea) using a quantile vector autoregression (QVAR) model-based spillover estimation approach of Balcilar et al. (2020b) at different quantile paths. To do this, we...
Persistent link: https://www.econbiz.de/10012597566
We combine a customized survey and randomized controlled trial (RCT) to study the effect of higher-order beliefs on U.S. retail investors' portfolio allocations. We find that investors' higher-order beliefs about stock market returns are correlated with but distinct from their first-order...
Persistent link: https://www.econbiz.de/10015061931
. These narratives significantly affect portfolio flows, even after controlling for macroeconomic and financial fundamentals …
Persistent link: https://www.econbiz.de/10015175179
occupational exposure to contagion driven by social contacts. I combined six indicators based on Occupation Information Network (O … cross-country differences in levels of exposure to contagion in comparable occupations. The resulting country-level measures … of levels of exposure to contagion (excluding health professions) predict the growth in COVID-19 cases, and the number of …
Persistent link: https://www.econbiz.de/10012269905
-contact route. We show that in Europe, women are more exposed to contagion, as they are more likely than men to work in occupations … important factor in workers' exposure to contagion than their education or age. This gender difference in exposure can be … require more interpersonal interactions. While workers in Southern European countries are the most exposed to contagion, the …
Persistent link: https://www.econbiz.de/10012270014