Examining U.S. data, we investigate how the Covid-19 pandemic influences oil price returns in an asset pricing framework. Unlike previous studies, we consider a threshold model to allow for the possibility that Covid-19 risk may not play a role until it reaches a certain level. Our findings show...

Barro and McCleary (2003) is a key research contribution in the new literature exploring the macroeconomic effects of religious beliefs. This paper represents an effort to evaluate the strength of their claims. We evaluate their results in terms of replicability and robustness. Overall, their...