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Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...
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persistently affects dividend payments than stock repurchases. It also has a boosting effect on stock returns in the Bush Tax Cut … that is 75 % greater than their reducing effect in the Obama Tax Increase, in absolute terms, controlling for dividend … realize that some dividend-paying firms could change their dividend policies …
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This study proposes two new regime-switching volatility models to empirically analyze the impact of the COVID-19 pandemic on hotel stock prices in Japan compared with the US, taking into account the role of stock markets. The first model is a direct impact model of COVID-19 on hotel stock...
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