This paper analyzes stock index reactions to interest rate actions by the FOMC. Unlike previous analyses this study utilizes macro-economic indicators and accounts for pre-decision market expectations. Results indicate significant reaction of the stock market to the actions of the FOMC...

With the rapid increasing number and assets of A-REITs, there has been an urgent need to study the relationship between the changes of cash rates and the A-REITs returns. This study investigates whether there were relationships between Australian-Real Estate Investment Trusts stock returns and...

A recent outbreak of bird flu or avian influenza (AI), an especially highly pathogenicstrain (HPAI) of H5N1, started in Hong Kong in January 2003 and caused 159 humandeaths in Asia, Africa and Europe through early 2007. In addition, this outbreak resultedin millions of slaughtered birds and...

The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...

En este artículo usamos la evidencia empírica más reciente disponible para predecir el impacto del shock del Covid-19 en la tasa de entrada de empresas, en especial en la entrada de empresas de alto crecimiento, y en sus implicaciones en la creación de empleo a corto y a largo plazo. El...

Estimamos el coeficiente de reproducción efectivo (Rt) de la pandemia de Covid-19, con datos de casos detectados en Estados Unidos, a nivel de condado, entre febrero y septiembre de 2020. Con esta información estimamos el efecto de la climatología y de la movilidad sobre el ritmo de...

En este trabajo se construye, en primer lugar, un indicador a escala autonómica que trata de medir el volumen de medidas desplegadas en cada momento del tiempo para contener la pandemia. Para ello se analiza, mediante técnicas de análisis textual, la información contenida en las noticias de...

En este trabajo se construye, en primer lugar, un indicador a escala autonómica que trata de medir el volumen de medidas desplegadas en cada momento del tiempo para contener la pandemia. Para ello se analiza, mediante técnicas de análisis textual, la información contenida en las noticias de...

The merger wave that took place during the first phase of globalization, which lasted from 1895 to 1914, changed the industrial structure in Europe and the U.S. remarkably. Therefore, it is of great importance to assess whether mergers were successful during this period. Noteworthy, studies that...

Financial processes may possess long memory and their probability densities may display heavy tails. Many models have been developed to deal with this tail behaviour, which reflects the jumps in the sample paths. On the other hand, the presence of long memory, which contradicts the efficient...