Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing, By controlling credit input, GCP can effectively restrain corporate debt financing in the "two-high" industries, However, the policy also...

Using the spillover index and frequency decomposition approach, this study explores the direction and magnitude of monetary policy cross-border spillovers among five systemic economies (S5), namely the United States, the Euro area, Japan, the United Kingdom, and China. The results suggest that...

With overlapping generations and heterogeneous risk aversion there is no unique relation between aggregate risk aversion and the real rate of interest, and this type of endogenous “noise” cannot arise in an economy where agents live forever. Our framework accommodates many agent types and...

In search of a job, a worker may receive more than one offer. Focusing on new hires from non-employment, this paper documents (1) over 30 percent of them had multiple offers simultaneously just before starting the present job, (2) the probability of having multiple offers is negatively...

Totalization agreements coordinate the United States Social Security program with other countries’ comparable programs. We estimate each totalization agreement’s impact on a variety of bilateral trade outcomes. We find the impact is quite heterogeneous, both across agreements/countries and...

High-performance supercapacitors are considered to be a promising mobile energy storage system due to their high specific capacitance, nevertheless their cycling performance still remains unsatisfied for practical applications. In this work, a novel NiC2O4 based composite by inducing reduced...

This paper studies the dynamics of the frictional wage distribution by exploring the interaction between multiple offers and job creation. The model predicts that an increase in aggregate productivity raises the probability for an unemployed worker to receive multiple offers, which pushes firms...