The coronavirus crisis has damaged the US economy. This paper uses the stock returns of
125 sectors to investigate its impact. It decomposes returns into components driven by sector …

We study an equilibrium risk and return model to explore the effects of the coronavirus crisis
and associated skewness on the market price of risk. We derive the moment and equilibrium …

This article discusses a form of fiscal monetization that produces losses in the central bank's
balance sheet, without a permanent increase in the money base. If an independent central …

The COVID-19 Crisis has buffeted the Japanese economy. To investigate how industries
have been impacted this paper examines the response of sectoral stock returns. The …

Let us suppose now that one day a helicopter flies over this community and drops an
additional $1,000 in bills from the sky, which is, of course, hastily collected by members of …

The COVID-19 crisis battered the Japanese economy. The purpose of this paper is to
investigate whether the pandemic has left scars. To this end, it employs out-of-sample …

We have helicopter money when there is a one-shot creation of irredeemable fiat money
through intended central bank capital losses and/or a permanent monetary base change …

We propose a multivariate stochastic volatility-double jump model to capture the presence of
jumps in mean, and conditional variance in the returns assets of the nine largest North …

The spread of the new coronavirus (COVID-19) in early 2020 led to some of the most
significant declines in stock prices (Baker et al. 2020, Cahn and March 2020, Ramelli and …