Forthcoming: Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections by @StefanoRamelli, @AlexFWagner, Richard J Zeckhauser, and Alexandre Ziegler @UZH_enacademic.oup.com/rcfs/advanc…
Is there a connection between the 2008 financial crisis & COVID-19? @antmoreno716@unav, @AlexFWagner, Ongena @UZH_en @uzh_bf & Veghazy @ecb show that European countries more affected by the financial crisis had more deaths relative to Covid cases: ow.ly/ZHwn50DXb7n
Features forthcoming paper from RCFS by @StefanoRamelli, @AlexFWagner, Richard Zeckhauser, and Alexandre Ziegler (article is in German)
"The boomerang effect: Investors ignored Donald Trump's climate policy - and were rewarded for it"
nzz.ch/finanzen/der-boomeran… via @NZZ
Special Issue: #COVID-19 Pandemic Crisis & Corporate Finance
This special issue is the first to be published by a finance journal on COVID & corp finance. It presents important early research on the economic impact of the pandemic.
FREE to read online!
academic.oup.com/rcfs/issue/…
Very uncool: Die Schweiz verspielt gerade den erreichten Erfolg mit Covid-19. Wir haben zu viel geöffnet & falsche Sicherheit vorgespiegelt.
Um Schlimmeres zu verhindern, braucht es dringend strengere Massnahmen. Das ist wichtig sowohl für die Gesundheit wie für die Wirtschaft.
Simon Glossner @DardenMBA, Pedro Matos, Stefano Ramelli @StefanoRamelli @uzh_bf, Alexander F. Wagner @AlexFWagner @SFI_CH @cepr_org : Where Do Institutional Investors Seek Shelter when Disaster Strikes? Evidence from COVID-19 mailchi.mp/ecgi/wp-688-2020
Lewis Carroll, author of Alice in Wonderland, was fond of asking children mathematical puzzles. Here's a famous one: Can you draw the following design on a sheet of paper without lifting the pencil from the paper (no intersections allowed)?
Physics Photo Of the Day:
This iconic photograph taken at the Fifth Solvay Conference shows the greatest gathering of intelligence ever.
Physicists met in October 1927 in Brussels to discuss the then-new theory of quantum mechanics.
World turned upside down?
Japan and Switzerland are now the only major 10 yr government bonds on which you can earn a positive real rate of return! @bcaresearch via @SoberLook
We have a new paper on the US Tax Cuts and Jobs Act of 2017 (TCJA): papers.ssrn.com/sol3/papers.…
Main questions:
(1) How big were the recurring and one-time impacts of the TCJA?
(2) How effective was the market in pricing these impacts?