Showing papers in "Economics Letters in 2021"

TL;DR: In this paper, the authors utilize the time-varying optimal copula (TVOC) approach to showcase the dependence structure between bitcoin and green financial assets, and find multiple tail-dependence regimes characterize the extreme dependence between Bitcoin and green assets.

TL;DR: The authors found that without a crowd, fewer yellow cards were awarded to the away teams, reducing home advantage, and that the influence of social pressure and crowds on the neutrality of decisions was large and statistically significant on the number of yellow cards issued by referees.

TL;DR: This paper examined the effects of the COVID-19 pandemic on student learning in seven intermediate economics courses and found substantial heterogeneity in learning outcomes across courses, including gender, race, and first-generation status.

TL;DR: Gabauer et al. as mentioned in this paper investigated 1-year interest rate swaps on USD, EUR, JPY and GBP between 2005 and 2020 using a quantile connectedness model, which allows for a nuanced investigation of connectedness and adds to understanding the monetary policy transmission mechanism within a highly integrated international financial system.

TL;DR: While the infection rates of the disease do indeed appear to be higher for more democratic countries so far, their observed case fatality rates are lower, and there is also a negative association between casefatality rates and government attempts to censor media.

TL;DR: In this paper, the importance of vaccine properties, delivery and media coverage in amplifying or attenuating vaccine uptake was investigated, and the positive effect of high efficacy was more pronounced for those aged 55+.

TL;DR: In this paper, the authors studied the dynamic market linkages among cryptocurrencies during August 2015-July 2020 and found a substantial increase in market linkage for both returns and volatilities.

TL;DR: In this paper, the authors use the vaccine against COVID-19 as a case study and empirically estimate the magnitude of three key forces: Herding, Social Norms, and Free-riding.

TL;DR: In this article, a new dimension was discovered by analyzing the time-varying correlations between the top four precious metals and cryptocurrency uncertainty indices (UCRY Policy and Price) using the Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity model.

TL;DR: This article revisited the time-series relation between cryptocurrency prices and forward inflation expectations and found no clear evidence of any inflation hedging capacity of Bitcoin or Ethereum during times of increasing inflation expectations.

TL;DR: In this paper, the authors investigate whether peer-to-peer (P2P) lending financial technologies (Fintechs) enhance the SMEs' access to finance.

TL;DR: Li et al. as mentioned in this paper examined the heterogeneous performance of ESG investing in China before and after 2016, when the "Guidelines for Establishing a Green Financial System" was announced.

TL;DR: In this article, the authors examined the time-series relation between Bitcoin and forward inflation expectation rates using a vector autoregressive process and found that changes in Bitcoin Granger cause changes in the forward inflation rate.

TL;DR: The authors used a threshold-augmented Global VAR model to quantify the macroeconomic effects of countries' discretionary fiscal actions in response to the Covid-19 pandemic and its fallout.

TL;DR: This work compares the effectiveness of loss and gain messages and finds no difference in the intention to comply with guidance or lockdown beliefs in students during COVID-19.

TL;DR: In this article, the authors take the COVID-19 outbreak as a quasi-natural experiment to investigate whether corporate social responsibility (CSR) performance can help firms mitigate drops in their share prices.

TL;DR: In this paper, the authors examined the impact of pre-2020 information technology adoption on bank performance during the initial stages of the Covid-19 pandemic and found that high IT adopters performed better in terms of market returns, Tobin's q and lending.

TL;DR: The authors test whether changes in unemployment insurance (UI) benefit generosity under the CARES Act in the US are associated with differential employment outcomes under the distinct conditions of the pandemic and show that the relative employment gap arises before the Act was instituted, decreases in magnitude when the augmented benefits were in place, and does not change when the benefits expansion expires.

TL;DR: The authors compare the three most common approaches to measuring domestic trade and show that they lead to very similar estimates of the parameters that are usually estimated within a structural gravity framework, and that domestic trade flows can be measured empirically in different ways.

TL;DR: The results indicate the dominance of cryptocurrencies with higher market capitalization and information transmission from cryptocurrency returns to sentiments and show that Bitcoin is losing its dominance to alt-coins in return spillovers while still dominant in sentiment spillovers.

TL;DR: In the immediate aftermath of Mexico City's COVID-19 stay-at-home order using call-center data, the authors found that mental health worsened during the pandemic, with the effect being most pronounced for those over 45.

TL;DR: In this article, the authors introduce a new empirical approach to estimate economic complexity based on a country's value-added export structure, which leads to substantially different complexity rankings compared to established metrics.

TL;DR: In this paper, the authors provide cross-country evidence that central bank independence is associated with economic policy responses to mitigate the adverse economic effects of the COVID 19 pandemic, and the results generally indicate that more independent monetary policy authorities have adopted smaller cuts in the policy rate and reserve requirements.

TL;DR: This article used hand-collected data on penalty kicks in the top-level football competitions across France, Germany, Italy, Spain, and the United Kingdom over the 2019/2020 season to analyse how social environment affects the performance of individuals.

TL;DR: The authors found that tighter financial constraints and adverse economic conditions are generally detrimental to firms' environmental performance, reducing green investments, and the COVID-19 crisis could thus potentially slow down the transition to a low-carbon economy.

TL;DR: In this article, the authors construct a new newspaper-based sentiment indicator for Spain that allows to monitor economic activity in real-time, as opposed to survey-based confidence indicators that are released at the end of the month, their indicator can be constructed on a daily basis.

TL;DR: Li et al. as mentioned in this paper conducted an online experiment before and after the outbreak of the COVID-19 pandemic in China with four sampling waves and test the effect of the outbreak on trust behavior.

TL;DR: The authors found that higher carbon emissions are associated with higher loan spreads and this effect exists for loans arranged by all lenders suggesting that spread premia are driven by environmental risks rather than investor preferences.

TL;DR: In this article, the authors investigate the existence of herding behavior in the cryptocurrency market for the entire sample and show that herding asymmetry is present during both bullish and bearish regimes.

TL;DR: In this paper, a longitudinal perspective for monitoring multidimensional poverty in rural China using panel data from 2010 to 2018 is provided, which captures a dramatic reduction in the overall multi-dimensional poverty, mainly due to the incidence effect rather than the intensity effect.