Modeling economic losses and greenhouse gas emissions reduction during the COVID-19 pandemic: Past, present, and future scenarios for Italy [0.03%]
新冠疫情下意大利经济损失与温室气体减排的过去、现在及未来情景分析模型
Dario Cottafava,Michele Gastaldo,Francesco Quatraro et al.
Dario Cottafava et al.
Unprecedented nationwide lockdowns were adopted because of the COVID-19 pandemic. Understanding the socioeconomic impact of the past and future restrictions while assessing the resilience of a local economy emerged as a worldwide necessity....
The COVID-19 pandemic, consumption and sovereign credit risk: Cross-country evidence [0.03%]
新冠疫情、消费与主权信用风险：跨国证据
Xiangchao Hao,Qinru Sun,Fang Xie
Xiangchao Hao
Many recent studies investigate the economic effect of the COVID-19 pandemic in multiple aspects, while whether and how the sovereign credit risk reacts to the shock is still underexplored. Using a sample of forty developed and developing c...
Jacek Lewkowicz,Michał Woźniak,Michał Wrzesiński
Jacek Lewkowicz
The main research question of this study is about the drivers of democracy backsliding during the COVID-19 pandemic, with a special focus on the rule of law and the state of democracy just before the shock. There is growing interest in the ...
Aditya Goenka,Lin Liu,Manh-Hung Nguyen
Aditya Goenka
Preliminary evidence indicates that pollution increases the severity and likelihood of COVID-19 infections similar to many other infectious diseases. This paper models the interaction of pollution and disease preventive actions, either phar...
Does corruption matter for stock markets? The role of heterogeneous institutions [0.03%]
腐败对股市的影响吗？不同制度的作用
Geeta Lakshmi,Shrabani Saha,Keshab Bhattarai
Geeta Lakshmi
In examining the role of institutions in resisting corruption and its impact on growth, most studies concentrate on the aggregate level and conclude that sound institutions enhance growth. We focus instead on varying dimensions of heterogen...
Financial contagion and contagion channels in the forex market: A new approach via the dynamic mixture copula-extreme value theory [0.03%]
外汇市场中的金融传染及传染渠道研究：基于动态混合Copula-极值理论的新方法
Haiying Wang,Ying Yuan,Yiou Li et al.
Haiying Wang et al.
We propose a new approach to the study of financial contagion and contagion channels in the forex market by using a dynamic mixture copula-extreme value theory (DMC-EVT) model. This method allows us to elucidate the complex and dynamic depe...
Which legal procedure affects business investment most, and which companies are most sensitive? Evidence from microdata [0.03%]
哪个法律程序对企业投资影响最大，哪些公司最敏感？来自微观数据的证据
Daniel Dejuan-Bitria,Juan S Mora-Sanguinetti
Daniel Dejuan-Bitria
The negative impact of judicial inefficiency on investment decisions has been examined theoretically, supported by aggregate empirical studies at the country level. Whether this effect is observed at the firm level, however -and under what ...
Davide Furceri,Sinem Kilic Celik,João Tovar Jalles et al.
Davide Furceri et al.
The recent COVID-19 crisis has generated a concern that productivity (which was already at historically low levels) may further decline. From a theoretical standpoint, the recessions-total factor productivity (TFP) nexus is ambiguous à pri...
Karol Szafranek
Karol Szafranek
Most studies on global inflation are conducted on homogeneous, advanced-economy, low-frequency samples and present evidence favouring the global inflation paradigm. I challenge this consensus view by quantifying price co-movements across a ...
Martin Micheli
Martin Micheli
Whether a balanced budget rule stabilizes or destabilizes an economy depends on various factors such as the production function or the instrument used to balance the budget. This paper argues that migration, which has widely been neglected ...