Christoffer Koch,Ken Okamura
Christoffer Koch
Trust in the reported data of contagious diseases in real time is important for policy makers. Media and politicians have cast doubt on Chinese reported data on COVID-19 cases. We find Chinese confirmed infections match the distribution exp...
Jonathan Cook,Noah Newberger,Sami Smalling
Jonathan Cook
We find that social distancing is affected by the policies set in neighboring counties, even after controlling for confirmed COVID cases and weather. A stay-at-home order in a neighboring county reduces social distancing by more than half a...
Keaton Miller
Keaton Miller
Faced with temporary revenue shocks, employers may implement wage reductions - a common response to COVID-19 for U.S. universities. I provide a framework for optimal reductions when labor is inelastic wherein a planner balances "minimizing ...
Loss aversion fails to replicate in the coronavirus pandemic: Evidence from an online experiment [0.03%]
损失厌恶在冠状病毒大流行中无法复制：来自在线实验的证据
Michael Sanders,Emma Stockdale,Susannah Hume et al.
Michael Sanders et al.
Loss aversion is a foundational bias and is a natural choice for interventions encouraging compliance during COVID-19. We compare the effectiveness of loss and gain messages and find no difference in the intention to comply with guidance or...
Monetary policy and US housing expansions: The case of time-varying supply elasticities [0.03%]
货币政策与美国住房扩张：以动态变化的供给弹性为例
Bruno Albuquerque,Martin Iseringhausen,Frederic Opitz
Bruno Albuquerque
We challenge the assumption in the literature of constant housing supply elasticities across housing expansions. Using a time-varying parameter (TVP)-VAR model on monthly US data since the early 1990s, we find that the response of housing s...
COVID-19 and market expectations: Evidence from option-implied densities [0.03%]
COVID-19与市场预期：来自期权隐含概率分布的证据
Michael Hanke,Maria Kosolapova,Alex Weissensteiner
Michael Hanke
We compare risk-neutral densities from equity index options across several countries during the early phase of the COVID-19 pandemic. The initial reaction in all analyzed markets was late, abrupt and simultaneous. Only a few weeks later, de...
Helicopter money in Europe: New evidence on the marginal propensity to consume across European households [0.03%]
欧洲直升机撒钱：欧洲家庭边际消费倾向的新证据
Katharina Drescher,Pirmin Fessler,Peter Lindner
Katharina Drescher
The recent spread of COVID-19 has led to the worst economic crisis since the 1930s. To boost demand after the crisis, direct monetary transfers to households are being discussed. Using novel microdata from the Eurosystem Household Finance a...
Mobility Zones [0.03%]
移动区域
Ferdinando Monte
Ferdinando Monte
This short note constructs Mobility Zones to facilitate the discussion on the geographic extent of individual mobility restrictions to control the spread of Covid-19. Mobility Zones are disjoint sets of counties where a given level of indiv...
Giovanni Caggiano,Efrem Castelnuovo,Richard Kima
Giovanni Caggiano
We estimate a VAR with world-level variables to simulate the effects of the Covid-19 outbreak-related uncertainty shock. We find a peak (cumulative over one year) negative response of world output of 1.6% (14%). ...
Any port in a storm: Cryptocurrency safe-havens during the COVID-19 pandemic [0.03%]
暴风雨中的任何港口都可能是安全港：COVID-19大流行期间的加密货币避风港
Shaen Corbet,Yang Greg Hou,Yang Hu et al.
Shaen Corbet et al.
Controlling for the polarity and subjectivity of social media data based on the development of the COVID-19 outbreak, we analyse the relationships between the largest cryptocurrencies and such time-varying realisation as to the scale of the...