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vaccination and the movements. These findings are consistent with panel regression results. Specifically, we find that the … systemic COVID-19 shock in the US stock market is alleviated by an increase in the number of COVID-19 vaccination doses … policy influences the stock market volatility significantly more than the vaccination, regardless of firm size and industry …
Persistent link: https://www.econbiz.de/10014500407
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on...
Persistent link: https://www.econbiz.de/10012604437
Policies offering material incentives for Covid-19 vaccination have been widely used around the world as countries … such interventions on vaccination willingness. We provide the first Covid-19 vaccine study to separately consider and … vaccination willingness than simply offering vaccines for free. The effects of money and gifts of equivalent value do not …
Persistent link: https://www.econbiz.de/10013389372
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We propose a model that delivers endogenous variations in term spreads driven primarily by banks’ portfolio decision and their appetite to bear the risk of maturity transformation. We first show that fluctuations of the future profitability of banks’ portfolios affect their ability to cover...
Persistent link: https://www.econbiz.de/10009682825
We propose a model that delivers endogenous variations in term spreads driven primarily by banks' portfolio decision and their appetite to bear the risk of maturity transformation. We first show that fluctuations of the future profitability of banks' portfolios affect their ability to cover for...
Persistent link: https://www.econbiz.de/10013104704
We propose a model that delivers endogenous variations in term spreads driven by banks' portfolio decision while facing the risk of maturity transformation. First, we show that fluctuations of the future profitability of banks' portfolios affect their ability to cover for any liquidity needs and...
Persistent link: https://www.econbiz.de/10013089685
We analyze optimal monetary policy and its implications for asset prices, when aggregate demand has inertia and responds to asset prices with a lag. If there is a negative output gap, the central bank optimally overshoots aggregate asset prices (asset prices are initially pushed above their...
Persistent link: https://www.econbiz.de/10013093040