Asian Americans faced a disproportionately larger surge in unemployment rates than other racial and ethnic groups during the Covid-19 pandemic. While existing literature typically examines labor demand channels to explain this, we instead explore a labor supply channel. Our hypothesis is that...

The maturity mismatch problem is prevalent in the field of investment and financing of enterprises, and with the rise of green bonds, there is much attention to whether the issuance of green bonds can alleviate this problem. This paper uses the related sample data of listed companies in China...

We develop a structural framework to identify the sources of cross-state heterogeneity in response to U.S. tariff changes. We quantify the effects of unilaterally increasing U.S. tariffs by 25 percentage points across sectors. Welfare changes range from –0.8 percent in Oregon to 2.1 percent in...

This study proposes a novel complete subset averaging (CSA) method for high-dimensional generalized linear models based on a penalized Kullback-Leibler (KL) loss. All models under consideration can be potentially misspecified, and the dimension of covariates is allowed to diverge to infinity....