Related papers: Measuring the Effectiveness of US Monetary Policy …
Due to the COVID-19 pandemic, governments had to rapidly implement lockdown policies that restricted human mobility to suppress the spread of the disease and reduce mortality. Because of the movement restrictions resulting from government…
This paper analyzes and compares patterns of U.S. domestic rail freight volumes during, and after the disruptions caused by the 2007-2009 Great Recession and the COVID-19 pandemic in 2020. Trends in rail and intermodal shipment data are…
With COVID-19 having emerged as the most widespread human pandemic disease in a century, the need to control its spread to avoid massive loss of life became more than necessary, and extremely fast. Several vaccines were developed and the…
The changing nature of the COVID-19 pandemic has highlighted the importance of comprehensively considering its impacts and considering changes over time. Most COVID-19 related research addresses narrowly focused research questions and is…
The COVID-19 pandemic and related restrictions forced many to work, learn, and socialize from home over the internet. There appears to be consensus that internet infrastructure in the developed world handled the resulting traffic surge…
Dealing with structural breaks is an important step in most, if not all, empirical economic research. This is particularly true in panel data comprised of many cross-sectional units, such as individuals, firms or countries, which are all…
We propose a regularized factor-augmented vector autoregressive (FAVAR) model that allows for sparsity in the factor loadings. In this framework, factors may only load on a subset of variables which simplifies the factor identification and…
A quantitative check of weak efficiency in US dollar/German mark exchange rates is developed using high frequency data. We show the existence of long term return anomalies. We introduce a technique to measure the available information and…
During the global spread of COVID-19, Japan has been among the top countries to maintain a relatively low number of infections, despite implementing limited institutional interventions. Using a Tokyo Metropolitan dataset, this study…
This paper develops a methodology for tracking in real time the impact of shocks (such as natural disasters, financial crises or pandemics) on gross domestic product (GDP) by analyzing high-frequency electricity market data. As an…
This paper explores a time-varying version of weak-form market efficiency that is a key component of the so-called Adaptive Market Hypothesis (AMH). One of the most common methodologies used for modeling and estimating a degree of market…
In this work, we contribute the first visual open-source empirical study on human behaviour during the COVID-19 pandemic, in order to investigate how compliant a general population is to mask-wearing-related public-health policy.…
We studied the volatility and cross-sectional return dispersion effect of S&P Health Care Sector under the covid-19 epidemic. We innovatively used the Google index to proxy the impact of the epidemic and modeled the volatility. We also…
After the onset of the recent COVID-19 pandemic, a number of studies reported on possible changes in electricity consumption trends. The overall theme of these reports was that ``electricity use has decreased during the pandemic, but the…
As a quantitative characterization of the complicated economy, Macroeconomic Variables (MEVs), including GDP, inflation, unemployment, income, spending, interest rate, etc., are playing a crucial role in banks' portfolio management and…
The COVID-19 pandemic has demonstrated the increasing need of policymakers for timely estimates of macroeconomic variables. A prior UNCTAD research paper examined the suitability of long short-term memory artificial neural networks (LSTM)…
The COVID-19 pandemic has presented unprecedented challenges worldwide, with its impact varying significantly across different geographic and socioeconomic contexts. This study employs a clustering analysis to examine the diversity of…
This study investigates the causal relationship between the COVID-19 pandemic and wage levels, aiming to provide a quantified assessment of the impact. While no significant evidence is found for long-term effects, the analysis reveals a…
Pandemic control measures like lock-down, restrictions on restaurants and gatherings, social-distancing have shown to be effective in curtailing the spread of COVID-19. However, their sustained enforcement has negative economic effects. To…
The COVID-19 pandemic has plagued the world for months. The U.S. has taken measures to counter it. On a daily basis, newly confirmed cases have been reported. In the early days, these numbers showed an increasing trend. Recently, the…