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This paper investigates the presence of asymmetric relationship between oil price movements and Gulf Cooperation … wisdom, our empirical results reveal that GCC stock markets do not have similar sensitivities to oil price changes. We … document that oil price changes have asymmetric effects on stock returns in some GCC countries, but not for others. More …
Persistent link: https://www.econbiz.de/10013314986
the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports …
Persistent link: https://www.econbiz.de/10013154980
We study the effect of negative labour market shocks borne by parents during the Covid-19 crisis on resource and time investments in children and the channels through which negative labour market shocks experienced by parents might affect children. Using data collected in the UK before and...
Persistent link: https://www.econbiz.de/10013252365
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10013325071
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012831210
exogenous shock. Specifically, we focus on the Global Financial Crisis (GFC) and the onset of the COVID-19 pandemic. We …, we find that TAs had a smaller increase in social security uptake after the shock when they had previously: (3) a high …
Persistent link: https://www.econbiz.de/10014078008
This paper studies how wealth and health inequalities have interacted with the Covid-19 epidemic in a way that has … reinforced inequalities in income, savings, epidemic risk and even individual preventive behaviors. We present in more detail two … loosing their income because of contamination. Data on six countries confirm a disproportionate impact of the epidemic on the …
Persistent link: https://www.econbiz.de/10014081420
The recession induced by the COVID-19 pandemic resulted in major declines in employment of women, both from the demand side as firms reduced employment and from the supply side resulting from school closures and the closing of many child care facilities. We provide projections of possible...
Persistent link: https://www.econbiz.de/10014344171
In this paper, we shed light on the impacts of the COVID-19 pandemic on the labor market, and how they have evolved over most of the year 2020. Relying primarily on microdata from the CPS and state-level data on virus caseloads, mortality, and policy restrictions, we consider a range of...
Persistent link: https://www.econbiz.de/10013246039
This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 pandemic. Increases in mortality are measured in terms of the number of years of life lost (LY) to the pandemic. Additional years spent in poverty (PY) are conservatively...
Persistent link: https://www.econbiz.de/10012826740