The boom-bust cycle in U.S. house prices has been a fundamental determinant of the recent financial crisis leading up to the Great Recession. The risky financial innovations in the housing market prior to the recent crisis fueled the speculative housing boom. In this backdrop, the main...

Several empirical studies in finance have examined whether or not the risk associated with any stock market responds differently in two different states of the stock market, especially in bull and bear markets. This paper studies this problem in the modelling framework, where (i) the conditional...

Young children face the risk of being infected by a variety of diseases; this makes it necessary to resort to vaccination as a failsafe for ensuring healthy life of the child. However the success of the immunisation drive is conditioned by prevailing conditions. Some of these also determine...

We compare US policy response to COVID-19 with its G7 counterparts between March and September 2020. The G7 countries, while economically and ideologically aligned, have instituted vastly different policies to mitigate the spread of the disease with varying degrees of compliance. To quantify the...