Wang, Qiuyun; Liu, Lu - In: Financial innovation : FIN 8 (2022), pp. 1-38
psychological response to the pandemic and stock prices. In addition, it depicts the mechanism of the shock to the stock market by … calculation of the impulse of a shock to the financial market. Second, this study empirically estimates the marginal effect of the … shock, we identify the cumulative level of the pandemic variables as well as their incremental differences. As shown by our …