Showing 1 - 10 of 1,588
explain the epidemic development in the UK, the USA and Brazil through the model lens. Moreover, we show how our model would … have predicted that a super infectious variant, such as the delta, would spread and argue that current vaccination levels …
Persistent link: https://www.econbiz.de/10012796794
Persistent link: https://www.econbiz.de/10012796628
Persistent link: https://www.econbiz.de/10012796638
covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county …. Specifically, an increase of initiated vaccination rates of 1 percentage point increases weekly consumer spending by 0.6 percent …
Persistent link: https://www.econbiz.de/10012795132
Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a market stochastic discount factor that is non-linear and therefore consistent with...
Persistent link: https://www.econbiz.de/10012251301
We quantify the effect of mask mandates in the United States. Our regression discontinuity design exploits county-level variation in COVID-19 cases, hospital admissions, and deaths across the border between states with and without mandates. We find a significant and substantial effect-mask...
Persistent link: https://www.econbiz.de/10012605500
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655
Growing international integration in trade and finance can challenge the measurement of external accounts. This paper presents a unified conceptual framework for identifying sources of mismeasurement of foreign investment income in current account balances. The framework allows to derive a...
Persistent link: https://www.econbiz.de/10012102053
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …
Persistent link: https://www.econbiz.de/10014396155
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and … facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks …. Banks compete for deposits to seek monopoly profits, including externalities. Using loan contracts that specify price and …
Persistent link: https://www.econbiz.de/10014399670