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Does the stock market boost firm innovation? : evidence from Chinese firms
He, Hui; Li, Hanya; Zhang, Jinfan - 2017
The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO … firm innovation activity. In addition, IPOs expand a firm's scope of innovation beyond its core business. The impact of … IPOs on firm innovation varies across financial constraints, corporate governance, and ownership structures. Our results …
Persistent link: https://www.econbiz.de/10011704926
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Measuring oil-price shocks using market-based information
Wu, Tao; Cavallo, Michele - 2012
Persistent link: https://www.econbiz.de/10009423915
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The impact of legislation on credit risk : comparative evidence from the United States, the United Kingdom and Germany
Schmieder, Christian; Schmieder, Philipp - 2011
Persistent link: https://www.econbiz.de/10009486196
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Unintended consequences of U. S. monetary policy shocks : Dutch disease and capital flow measures in emerging market and developing economies
Yépez, Juan F. - 2021
Dutch disease is often referred as a situation in which large and sustained foreign currency inflows lead to a contraction of the tradable sector by giving rise to a real appreciation of the home currency. This paper documents that this syndrome has been witnessed by many emerging markets and...
Persistent link: https://www.econbiz.de/10012605138
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Addressing spillovers from prolonged U.S. monetary policy easing
Cecchetti, Stephen G.; Narita, Machiko; Rawat, Umang; … - 2021
There is growing recognition that prolonged monetary policy easing of major economies can have extraterritorial spillovers, driving up financial system leverage in other countries. When faced with such a rise of threats to financial stability, what can countries do? Specifically, is there a role...
Persistent link: https://www.econbiz.de/10012605643
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U.S. healthcare : a story of rising market power, barriers to entry, and supply constraints
Lin, Li; Mrkaic, Mico; Weber, Anke - 2021
Healthcare in the United States is the most expensive in the world, with real per capita spending growth averaging 4 percent since 1980. This paper examines the role of market power of U.S. healthcare providers and pharmaceutical companies. It finds that markups (the ability to charge prices...
Persistent link: https://www.econbiz.de/10012605681
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Has COVID-19 induced labor market mismatch? : evidence from the US and the UK
Pizzinelli, Carlo; Shibata, Ippei - 2022
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of Sahin and others (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third...
Persistent link: https://www.econbiz.de/10013170581
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US housing market during COVID-19 : aggregate and distributional evidence
Zhao, Yunhui - 2020
Using zip code-level data and nonparametric estimation, I present eight stylized facts on the US housing market in the COVID-19 era. Some aggregate results are: (1) growth rate of median housing price during the four months (April-August 2020) since the Federal Reserve's unprecedented monetary...
Persistent link: https://www.econbiz.de/10012392046
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Tracking the economic impact of COVID-19 and mitigation policies in Europe and the United States
Chen, Sophia; Igan, Deniz; Pierri, Nicola; Presbitero, … - 2020
We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the...
Persistent link: https://www.econbiz.de/10012299321
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Should unconventional monetary policies become conventional?
Quint, Dominic; Rabanal, Pau - 2017
The large recession that followed the Global Financial Crisis of 2008-09 triggered unprecedented monetary policy easing around the world. Most central banks in advanced economies deployed new instruments to affect credit conditions and to provide liquidity at a large scale after shortterm policy...
Persistent link: https://www.econbiz.de/10011670458