This study employs the Structural Break Threshold Vector Autoregression (SBTVAR) models to examine the asymmetric effects of policy shocks on the price volatility of various asset classes. The results indicate that pandemic-induced economic policy uncertainty and national lockdowns triggered a...

Housing decisions depend critically on the supply of long-term rental housing, yet surprisingly few studies examine the determinants of this supply. Based on term structure theories of asset prices and extrapolative beliefs, we hypothesize that housing market conditions shape the term structure...