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Spatial Dependence and Data-Driven Networks of International Banks

Craig, Ben R. - 2016

This paper computes data-driven correlation networks based on the stock returns of international banks and conducts a comprehensive analysis of their topological properties. We first apply spatial-dependence methods to filter the effects of strong common factors and a thresholding procedure to...

Persistent link: https://www.econbiz.de/10012977779

Finance Vaccine Equity : Funding for Day-Zero of the Next Pandemic

Agarwal, Ruchir; Reed, Tristan - 2022

A lack of timely financing for purchases of vaccines and other health products impeded the global response to the COVID-19 pandemic. Based on analysis of contract signature and delivery dates in COVID-19 vaccine advance purchase agreements, this paper finds that 60-75 percent of the delay in...

Persistent link: https://www.econbiz.de/10014082663

Pandemics and Firms : Drawing Lessons from History

Cevik, Serhan; Miryugin, Fedor - 2021

The global economy is in the midst of an unprecedented slump caused by the COVID-19 pandemic. To assess the likely evolution of nonfinancial corporate performance going forward, this paper investigates empirically the impact of past pandemics using firm-level data on more than 537,000 companies...

Persistent link: https://www.econbiz.de/10013250085

Who Doesn't Want to Be Vaccinated? Determinants of Vaccine Hesitancy During COVID-19

Dabla-Norris, Era; Khan, Hibah; Lima, Frederico; … - 2022

Quick vaccine rollouts are crucial for a strong economic recovery, but vaccine hesitancy could prolong the pandemic and the need for social distancing and lockdowns. We use individual-level data from nationally representative surveys developed by YouGov and Imperial College London to empirically...

Persistent link: https://www.econbiz.de/10013305609

Equitable Access to Vaccines : Myth or Reality?

Hakobyan, Shushanik; Rawlings, Henry; Yao, Jiaxiong - 2022

Fighting the COVID-19 pandemic required vaccinations; however, ending it requires vaccination equality. The progress in vaccinations varies greatly across countries, with low- and middle-income countries having much lower vaccination rates than advanced countries. Initially, the limited vaccine...

Persistent link: https://www.econbiz.de/10014264530

Policy Space Index : Short-Term Response to a Catastrophic Event

Ferrer, José; Kireyev, Alexei - 2022

paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space … markets, debt distress level, and the exchange rate regime. The final policy space index is derived as a composite of the … three nominal policy space indicators, each adjusted for five institutional features. This index is different from the …

Persistent link: https://www.econbiz.de/10014081237

World Saving

Grigoli, Francesco - 2014

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...

Persistent link: https://www.econbiz.de/10013040407

Energy Subsidies and Energy Consumption — A Cross-Country Analysis

Charap, Joshua - 2014

The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we...

Persistent link: https://www.econbiz.de/10013063763

Commodity Price Volatility and the Sources of Growth

Cavalcanti, Tiago - 2012

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...

Persistent link: https://www.econbiz.de/10013111408

Is There a Debt-Threshold Effect on Output Growth?

Chudik, Alexander - 2015

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the...

Persistent link: https://www.econbiz.de/10013013818