The COVID-19 pandemic has elevated both the risk and volatility of energy companies. Can mass vaccinations restore … 2020 to April 2021. We document that vaccination programs assist in decreasing the volatility of energy stocks around the … volatility measurement approach. Moreover, the effect is not driven by the dynamics of the pandemic itself or the associated …

We quantify the effect of vaccinations on economic activity in the United States using weekly county level data … covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county … control for unobserved factors. We find that vaccinations are a significant and substantial shot in the arm of the economy …

of vaccinations and high-frequency indicators of economic activity - nitrogen dioxide (NO2) emissions, carbon monoxide …, 2021. Using surprises in vaccines administered, we find that an unexpected increase in vaccination per capita is associated … marginal economic benefits being larger when vaccination rates are higher. Country-specific conditions play an important role …