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We use firm-level financial data to illustrate the impact of the COVID-19 crisis under several scenarios. We estimate …
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This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012456056
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012983434
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