2020
DOI: 10.2139/ssrn.3572839
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The Value of Fiscal Capacity in the Face of a Rare Disaster

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Cited by 41 publications
(21 citation statements)
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“…Based on logistic models of infectious disease, Alfaro et al (2020) show that as the trajectory of COVID-19 infections become less uncertain, stock market volatility decreases, and vice versa. Gerding, Martin, and Nagler (2020) find that stock price reactions were more pronounced in countries having higher debt/GDP ratios. Using daily data on the 1579 stocks of both Hang Seng Index and Shanghai Stock Exchange Composite Index over the COVID-19 outbreak period (from January 10 to 16 March 2020), Al-Awadhi et al (2020) highlight a negative and statistically significant relationship between stock returns and both the daily change in total confirmed cases and the daily change in total cases of death.…”
Section: Introductionmentioning
confidence: 78%
“…Based on logistic models of infectious disease, Alfaro et al (2020) show that as the trajectory of COVID-19 infections become less uncertain, stock market volatility decreases, and vice versa. Gerding, Martin, and Nagler (2020) find that stock price reactions were more pronounced in countries having higher debt/GDP ratios. Using daily data on the 1579 stocks of both Hang Seng Index and Shanghai Stock Exchange Composite Index over the COVID-19 outbreak period (from January 10 to 16 March 2020), Al-Awadhi et al (2020) highlight a negative and statistically significant relationship between stock returns and both the daily change in total confirmed cases and the daily change in total cases of death.…”
Section: Introductionmentioning
confidence: 78%
“…12 Albuquerque et al (2020) and Pagano, Wagner, and Zechner (2020) focus on other important dimensions of stock price resilience to the pandemic. 13 Ding et al (2020), Gerding, Martin, and Nagler (2020), Ru, Yang, and Zou (2020), and Croce, Farroni, and Wolfskeil (2020) employ international samples. 14 Finally, a burgeoning literature is addressing the real economic consequences of the pandemic.…”
Section: Introductionmentioning
confidence: 99%
“…2 For evidence at the aggregate stock market level, see, for example, Alfaro et al (2020), Baker et al (2020), and Gormsen and Koijen (2020). For cross-sectional evidence, see Bretscher, Hsu, and Tamoni (2020), Ding et al (2020), Fahlenbrach, Rageth, and Stulz (2020), Gerding, Martin, and Nagler (2020), Glossner et al (2020), Pagano, Wagner, and Zechner (2020), Ramelli and Wagner (2020), and others.…”
Section: Introductionmentioning
confidence: 99%