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Green credit policy and total factor productivity: Evidence from Chinese listed companies

Guo, Shu; Zhang, ZhongXiang - 2022

listed companies in China (2007 2019), this study uses the difference in differences (DID) method to examine the effects of …

Persistent link: https://www.econbiz.de/10013353583

Can the diligent governance increase subjective wellbeing? New evidence from environmental regulations in China

Guo, Shu; Zhang, ZhongXiang - 2021

. Based on the balanced panel data from2014 to 2018 from China Family Panel Studies (CFPS)and by means of the fixed effects …

Persistent link: https://www.econbiz.de/10012819785

Is high-speed rail green? Evidence from a quasi-natural experiment in China

Nie, Liang; Zhang, ZhongXiang - 2021

findings, we recommend that China should support the expansion of high-speed rail in order to reduce carbon emissions in a …

Persistent link: https://www.econbiz.de/10012665606

Forecasts of inflation and interest rates in no-arbitrage affine models

Gospodinov, Nikolay; Wei, Bin - 2016

In this paper, we examine the forecasting ability of an affine term structure framework that jointly models the markets for Treasuries, inflation-protected securities, inflation derivatives, and oil future prices based on no-arbitrage restrictions across these markets. On the methodological...

Persistent link: https://www.econbiz.de/10011776813

Macro-Finance Determinants of the Long-Run Stock-Bond Correlation: The DCC-MIDAS Specification

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun - 2014

We investigate the long-run stock-bond correlation using a novel model that combines the dynamic conditional correlation model with the mixed-data sampling approach. The long-run correlation is affected by both macro-finance variables (historical and forecasts) and the lagged realized...

Persistent link: https://www.econbiz.de/10013208704

China's Carbon Market: Development, Evaluation, Coordination of Local and National Carbon Markets and Common Prosperity

Zhang, ZhongXiang - 2022

To achieve the commitments to both carbon peaking and carbon neutrality, China should focus on those policies of … regions with low levels of development and technology in China. …

Persistent link: https://www.econbiz.de/10013470521

Neighbors as competitors or "neighbors as partners": How does market segmentation affect regional energy efficiency in China?

Nie, Liang; Zhang, ZhongXiang - 2019

Existing studies have focused on the negative impact of inefficient resource allocation on energy performance in China … impact of market segmentation on China's energy efficiency. The results show that although energy efficiency in the eastern … indicates that market segmentation is negative to China's energy efficiency significantly. This finding remains robust even if …

Persistent link: https://www.econbiz.de/10012146445

A staggered pricing approach to modeling speculative storage: Implications for commodity price dynamics

Assa, Hirbod; Dabbous, Amal; Gospodinov, Nikolay - 2013

This paper embeds a staggered price feature into the standard speculative storage model of Deaton and Laroque (1996). Intermediate goods inventory speculators are added as an additional source of intertemporal linkage, which helps us to replicate the stylized facts of the observed commodity...

Persistent link: https://www.econbiz.de/10010397676

Modeling Credit Aggregates

Kaufmann, Sylvia; Valderrama, Maria Teresa - 2004

The purpose of this paper is to model both loans to households and to non-financial corporations as well as their relation to interest rates and demand variables for Austria, Germany, the Netherlands and the United Kingdom. Credit aggregates are modeled using a Markov-switching vector...

Persistent link: https://www.econbiz.de/10013370007

The transmission of financial shocks and leverage of financial institutions: An endogenous regime-switching framework

Hubrich, Kirstin; Waggoner, Daniel F. - 2022

We conduct a novel empirical analysis of the role of leverage of financial institutions for the transmission of financial shocks to the macroeconomy. For that purpose, we develop an endogenous regime-switching structural vector autoregressive model with time-varying transition probabilities that...

Persistent link: https://www.econbiz.de/10014278430