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, especially, hospitalizations and cases. These findings may reflect diminishing effectiveness of vaccines against new forms of the …
Persistent link: https://www.econbiz.de/10014439290
This paper describes one of the first attempts to gauge the effect of the COVID-19 pandemic on the global trajectory of …
Persistent link: https://www.econbiz.de/10014439125
pandemic will affect the global economic recovery. …
Persistent link: https://www.econbiz.de/10014439236
There was a time when the Federal Reserve believed that honest money—i.e., a stable price level— was essential for achieving full employment. Today, retired Fed officials are recommending that the Federal Open Market Committee (FOMC) target 3-percent inflation. They argue that a 3 percent...
Persistent link: https://www.econbiz.de/10014439186
A new options-pricing formula applies to far-out-of-the money put options on the stock market when disaster risk dominates, the size distribution of disasters follows a power law, and the economy has a representative agent with Epstein-Zin utility. The elasticity of the put-options price is one...
Persistent link: https://www.econbiz.de/10014439200
Long-term data show that the dynamic efficiency condition r>g holds when g is represented by the average growth rate of real GDP if r is the average real rate of return on equity, E(re ), but not if r is the risk-free rate, rf .
Persistent link: https://www.econbiz.de/10014439215
age and the infection to fatality ratio for COVID-19. Hence, the high mortality of the pandemic has been concentrated … initially very high there. The vector of infection often came from staff. In the absence of vaccines and effective medical … nursing homes. Hence, with the availability of effective vaccines, and more recently boosters, it was essential to the …
Persistent link: https://www.econbiz.de/10014439164
The likely impact of the COVID-19 pandemic on state and local government revenues is increasingly well understood. …
Persistent link: https://www.econbiz.de/10014439166
The existence of a home court advantage is one of the most durable empirical patterns in all of sports. Yet, the sociological and psychological mechanisms explaining its strength and persistence remain a mystery in large part because of well-known challenges with statistical identification. We...
Persistent link: https://www.econbiz.de/10014439174
A key issue for the ongoing COVID-19 pandemic is whether non-pharmaceutical public-health interventions (NPIs) retard … death rates. File-URL https://www.aei.org/research-products/working-paper/non-pharmaceutical-interventions-and-mortality-in-us-cities-during-the-great-influenza-pandemic …
Persistent link: https://www.econbiz.de/10014439248