Webinar Series

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Capital Market Development: China and Asia

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Dec 2021

Zombies, Again? The COVID-19 Business Support Programs in Japan

Takeo HOSHI, Kenichi UEDA, Daiji KAWAGUCHI
We designed and conducted a firm-level survey on the use of COVID-19-related government programs, in collaboration with Tokyo Shoko Research, LTD (TSR). Combining the survey results with the financial statements of the respondent firms, we investigated the factors behind the allocation of various go...
Keywords: COVID-19, subsidies, Loans, Government, Japan
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2015

World Asset Markets and the Global Financial Cycle

Helene REY, Silvia MIRANDA AGRIPPINO
We find that one global factor explains an important part of the variance of a large cross section of returns of risky assets around the world. Using a model with heterogeneous investors, we interpret the global factor as reflecting aggregate realised variance and the time-varying degree of market-w...
Keywords: Asset markets, financial cycle, risk aversion, credit spreads, credit flows, bank leverage, spillovers
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Annual Conference

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Corporate Finance, Senior Fellows/Fellows

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May 2018

Workplace Flexibility and Entrepreneurship

Jian ZHANG, Sumit AGARWAL, Tien Foo SING, Changcheng SONG
Working at home benefits workers with low fixed costs and the ability to engage in joint market and household production. We evaluate a large-scale reform in Singapore that allows the possibility of business creation at one’s residential property and study whether the option of home-based entrepre...
Keywords: Entrepreneurship, Home-Base Work, Experimentation
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Senior Fellows/Fellows

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Pandemic

Working from Home Around the World

Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO, Cevat Giray AKSOY, Mathias DOLLS, Pablo ZARATE
The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S. mean as...
Keywords: Work from home, preferences over working arrangements, commute times, COVID-19 pandemic, productivit
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

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May 2020

Will COVID-19 Set off the Next Global Financial Crisis?

Cyn-Young PARK
Keywords: COVID-19, Pandemic, financial crisis
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