Utilizing open-close returns, close-close returns and volume data, we examine the reaction of the Treasury futures market to the periodically scheduled announcements of prominent U.S. macroeconomic data. Heterogeneous persistence from scheduled news vs. non-scheduled news is revealed. Strong...

Is the stock market responsive to macroeconomic news? This paper employs the daily returns of the Dow Jones Industrial Index, the Samp;P 500 index, the Russell 1000 index, and the Russell 2000 index to examine stock market reactions to a broad list of macroeconomic announcements, including money...

Primary school availability and middle school education in rural China / Li Li and Haoming Liu -- The long-run effects of the free compulsory education reform in rural China / Yun Xiao, Li Li and Liqiu Zhao -- New cooperative medical scheme and health expenditure in rural China -- Choice of...