Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices [0.03%]
评估疫情及最低首付比率调升对上海房价的影响
Hongjun Li,Zheng Li,Cheng Hsiao
Hongjun Li
In 2016, the city of Shanghai increased the minimum down payment rate requirement for purchasing various types of properties. We study the treatment effect of this major policy change on Shanghai's housing market by employing panel data fro...
How effective are universal payments for raising consumption? Evidence from a natural experiment [0.03%]
全民支付对提高消费的有效性有多大？来自天然实验的证据
Seungjun Baek,Seongeun Kim,Tae-Hwan Rhee et al.
Seungjun Baek et al.
We investigate the impact of the universal stimulus payments (100-350 thousand KRW per person) distributed by the largest Korean province of Gyeonggi during the COVID-19 pandemic on household consumption using large-scale credit and debit c...
Florian Eckert,Nina Mühlebach
Florian Eckert
This paper proposes a multi-level dynamic factor model to identify common components in output gap estimates. We pool multiple estimates for 157 countries and decompose them into one global, eight regional, and 157 country-specific cycles. ...
Key market identification, mechanism transmission, and extreme shock during the risk spillover process: an empirical study of the G20 FOREX markets [0.03%]
基于G20外汇市场的风险溢出过程中的关键市场识别、机制传导与极端冲击的实证研究
Wei Zhou,Jin Guo,Ning Chen et al.
Wei Zhou et al.
The role of the G20 in global governance has been increasingly prominent in the context of the extensive spread of coronavirus disease 2019 and the aggravation of financial risk contagion. Detecting the risk spillovers among the G20 FOREX m...
Commodity currency reactions and the Dutch disease: the role of capital controls [0.03%]
commodity currency反应和荷兰病：资本控制的作用
Kai Chen,Dongwon Lee
Kai Chen
Commodity booms generally induce real exchange rate appreciation in commodity-rich economies and make other tradable sectors less competitive. This "Dutch disease" phenomenon has been blamed for leading to structures of production with low ...
The great lockdown, uncertainty and trade: asymmetric impact on imports [0.03%]
疫情下的封锁、不确定性与贸易：对外进口的非对称影响分析
Chandan Sharma,Ritesh Kumar Mishra
Chandan Sharma
The world economy has recently navigated through the pandemic caused by the coronavirus. Almost all the affected countries have responded with stringency measures to control the pandemic. However, these restrictions appear to have criticall...
Measuring macroeconomic convergence and divergence within EMU using long memory [0.03%]
使用长记忆测量EMU内宏观经济的收敛和发散
Lena Dräger,Theoplasti Kolaiti,Philipp Sibbertsen
Lena Dräger
This paper tests for convergence of EMU inflation rates and industrial production by testing for the existence of fractional cointegration relations. The notion of fractional cointegration allows for long-term equilibria with a higher degre...
COVID-19, lockdowns and international trade: evidence from firm-level data [0.03%]
新冠疫情、封锁措施与国际贸易——基于企业数据的证据
João Amador,Carlos Melo Gouveia,Ana Catarina Pimenta
João Amador
The COVID-19 pandemics and the lockdowns imposed to mitigate the rise of infections beyond manageable levels strongly affected international trade. Although the health crisis and the mobility restrictions associated with lockdowns are close...
Effects of smart city construction on employment: mechanism and evidence from China [0.03%]
智慧城市建设的就业效应：机制与证据
Rongjie Lv,Hao Gao
Rongjie Lv
Based on the first batch of smart city pilots in China, this paper systematically investigates the impact of smart city construction on urban employment and employment structure, and its influence mechanism and urban heterogeneity are explo...
Assessing complementarities between live performances and YouTube video streaming [0.03%]
现场表演与YouTube视频直播的互补性评估
Juan D Montoro-Pons,María Caballer-Tarazona,Manuel Cuadrado-García
Juan D Montoro-Pons
Digitization and increased accessibility to recorded music have made revenue-generating activities increasingly tied to live performances. In this context, identifying the full impact of concerts (namely capturing the value of activities th...