This paper examines if US monetary policy responds to asset prices. Using real-time data we estimate a Taylor-type rule with an asset price variable. This variable refers to real estate prices, considering that those exhibit an important share in households' asset portfolio. Moreover, especially...

This contribution analyses the real economy effects of the current global crisis in Central East Europe. It focuses on the transmission channels of a drying up of capital inflows, in particular on foreign direct investment inflows and on foreign currency borrowing, the current account, and the...

This paper studies the geography of competition on Moscow commercial real estate market. We estimate the elasticity of office rental price to the prices of competing objects as a function of the geographical distance. We found that office real estate market in Moscow, although saturated, is...

This study aims to investigate the influence of different types of trust on the installation of the COVID-19 Contact-Confirming Application (COCOA) in Japan with data collected from both installed and non-installed users. Despite the country's digital readiness, Japanese people hesitate to...

This paper aims to analyze how the prevalence of COVID-19 infection has affected the adoption of the contact-confirming application in Japan and how network externalities have emerged in the diffusion process. Japan's COVID-19 contact-confirming application (COCOA), launched on June 19, 2020,...

Similar to many countries around the world, Visegrad countries (Poland, Czech Republic, Slovakia, and Hungary) have been hit hard by the COVID-19 pandemic after the second half of 2020. The outbreak was handled with both success and challenges, experiencing severe declines in economic...

This paper aims to analyze how and why Japan's new coronavirus contact tracking and tracing application has not been supported by people and in effect been ineffective in preventing the spread of infection of COVID-19. Ministry of Health, Labor and Welfare of Japan released COCOA on June 17,...

This paper aims to examine how two recent external shocks-the Covid-19 pandemic and 5G services-are transforming online shopping submarkets in Korea by estimating the effects of these two shocks on mobile shopping sales and conversion, which refers to substitution for shopping over fixed...

This paper uses the COVID-19 pandemic as a case study to investigate the direct and indirect effect of beliefs of others on respondent's own beliefs and on their individual consumer sentiment. In a new online consumer survey with randomized control trials (RCTs) in Thailand and Vietnam, we...

This paper aims to provide reliable estimates for the COVID-19 contact rate of a Susceptible-Infected-Recovered (SIR) model, From observable data on confirmed, recovered, and deceased cases, a noisy measurement for the contact rate can be constructed, To filter out measurement errors and...