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Unconventional monetary policy and disaster risk: Evidence from the subprime and COVID–19 crises()
We compare the interventions conducted by the Federal Reserve in response to the subprime and COVID–19 crises with respect to their effectiveness in reducing disaster risk. Using model-free measures of disaster risk derived from daily options data, we document that interventions in response to both...
| Autores principales: | , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
The Authors. Published by Elsevier Ltd.
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8677330/ https://www.ncbi.nlm.nih.gov/pubmed/34949899 http://dx.doi.org/10.1016/j.jimonfin.2021.102543 |