presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
Using novel job posting data, we construct a human capital-based measure of corporate investments in managing climate risk.
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations.
This paper documents the share of investable wealth that middle-class U.S. investors hold in the stock market over their working lives. This share rises modestly early in life and falls significantly as people approach retirement.
We study how firm-level carbon emissions affect bank lending and, through this channel, real, financial, and environmental outcomes in a sample of global firms with syndicated loans.
This paper studies how banks compete amid digital disruption and the resulting distributional effect across consumers. Digital disruption increases the geographic coverage of banking services, bringing new entrants to local markets.
Corporate bond markets proved remarkably resilient against a sharp contraction caused by the 2020 Covid-19 pandemic.
We provide evidence for a causal link between the US economy and the global nancial cycle. Using a unique intraday dataset, we show that US macroeconomic news releases have large and signicant eects on global risky asset prices.
We use comprehensive micro data in the French manufacturing sector between 1995 and 2017 to document the effects of a fall in the cost of investments in modern manufacturing capital, including modern automation technologies, on employment, wages, sales, prices, and business stealing.