We examine the effectiveness of non-pharmaceutical government interventions (NPIs) against COVID-19. In particular, we focus on the impact of strictness and variability in government interventions on the reproduction rate (Rt) and the number of new deaths (per million of inhabitants) in five...

This paper investigates the effect of media-talk on financial markets in response to COVID-19 news published by the Wall Street Journal (WSJ). Collecting data from the United States Centers for Disease Control and Prevention Center (CDC), we investigate the effect of WSJ's coverage and stress...

The goal of this paper is to present an original and simple analysis aimed to understand why investing in capital markets can be very dangerous for "naive investors". Stock markets display often exploding volatility. They are characterized by instability and subject to external shocks. If...