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The impact of COVID-19 on gold seasonality
Applied Economics. 2022. Vol. 54. No. 40. P. 4700-4710.
This study investigates the impact of COVID-19 on the seasonality of gold returns by means of an asymmetric EGARCH model (Exponential GARCH). We find that the so-called ‘autumn effect’, or the traditional seasonal increase in gold returns in fall, vanishes and even shows a reverse pattern during the COVID-19 pandemic. We ascribe this phenomenon to the decaying demand for gold, which substantially decreased in the third quarter of 2020. In contrast, we find no evidence of seasonal effects in gold volatility, which is in line with earlier researches on this topic. Our results also confirm the positive asymmetric effect of gold volatility.
Пилясов А. Н., Замятина Н. Ю., Kotov E., Экономика региона 2021 Т. 17 № 4 С. 1079-1095
Considering the widespread of Covid-19 and its impact on the population health in Russian regions, it is necessary to examine the impact of the pandemic (as excess mortality) on the regional socio-economic development in 2020. Based on a quantitative and qualitative model, the study explains the process of coronavirus diffusion at the regional level, using ...
Added: October 2, 2021
Zaytsev A., Pyatachkova A., Анализ и прогноз. Журнал ИМЭМО РАН 2021 № 2 С. 13-27
The Sino-American rivalry has increased during the pandemic. The on-going decoupling is rather sectoral rather than comprehensive and is reflected in trade and sanctions war, competition, restrictions in such spheres as technologies, investment, science, and education. The contradictions are caused not by the pandemic context by stem from the fundamental structural problems in Sino-American cooperation ...
Added: May 4, 2021
Zair-Bek S. I., Mertsalova T., М. : Издательский дом НИУ ВШЭ, 2022
The authors analysed the external and internal factors of the COVID-19 pandemic first outbreak (March — June 2020) and the responses of general education to those factors. It was revealed that both the combination of factors and the responses to them in different regions were different in view of the federal nature of the Russian ...
Added: September 25, 2023
Simachev Y. V., Dolgopyatova T. G., Yakovlev A. A., Журнал Новой экономической ассоциации 2021 Т. 4 № 52 С. 228-235
The paper examines the impact of the COVID-19 pandemic and the economic crisis caused by it on the activities of firms in six sectors of the Russian economy. On the basis of a series of 45 in-depth interviews with the heads of companies and business associations and Russian and international industrial statistics, we show the ...
Added: June 2, 2022
Pilnik N., Pospelov I. G., Stankevich I., Экономический журнал Высшей школы экономики 2015 Т. 19 № 2 С. 249-270
This paper considers a seasonal adjustment procedure that is capable of preparing data to the use in applied general equilibrium models. It is shown that standard seasonal adjustment procedures do not satisfy the property of invariance to deflating, that hinders their use in applied general equilibrium models. A system of axioms that describes the desired ...
Added: October 31, 2013
Вахрушина М. А., Vakhrushina A., Международный бухгалтерский учет 2021 Т. 24 № 3 (477) С. 271-296
Subject. In 2020, the COVID-19 pandemic caused irreparable damage to most domestic companies, while there is a crushing decline in investment. One of the factors that can counter this unfavorable trend may be the submission of transparent IFRS reporting, which discloses in detail information about the impact of the COVID-19 pandemic on all areas of ...
Added: June 7, 2023
Юревич М. А., Fedyunina A., Gorodnyi N., Вопросы экономики 2024
The present study develops a methodology of business expectations index nowcasting with testing on data for the Russian economy as a whole and its regions. The methodology differs from the existing solutions in that it introduces a Bayesian averaging approach to define a set of search patterns for nowcasting and solves the issue of aggregation ...
Added: December 8, 2023
Chepurenko A., Foresight and STI Governance 2021 Vol. 15 No. 4 P. 5-7
Short review of the content and analysis of the logic of the special issue of the journal dedicated to the problems and evidences of the pandemic for the entrepreneurship ...
Added: January 31, 2022
Volosyuk O. V., Школяр Н. А., Ибероамериканские тетради 2021 Т. IX № 2 С. 28-47
The world has entered the third decade of the century, gripped by the global crisis and the COVID-19. These specific conditions have undermined the development and sustainability of the less prepared countries of Latin America and the Caribbean (LCA). The authors show that the COVID-19 pandemic was the largest shock for the LCA countries
in the social and economic spheres. ...
Added: January 17, 2022
Filosofova T. G., Государственное и муниципальное управление. Ученые записки 2022 № 2 С. 158-168
The prospects of world economy architecture transformation are in the center of attentation of national and international organizations and research community today. The article shows that the vector of such transformation is given by changes in functioning of global value chains (GVC) that determine the development of world trade and competition of global actors. The ...
Added: June 21, 2022
Yakovlev A. A., Kuzyk M., Седых И. А., ЭКО 2021 Т. 51 № 5 С. 8-28
Based on a series of in-depth interviews, we analyze the impact of the current crisis caused by the COVID-19 pandemic on Russian IT firms, as well as the effects of government anti-crisis policies. We also study the prospects of IT development in Russia.
It is shown that the crisis has not caused fundamentally new problems for ...
Added: September 21, 2021
Hanif W., Andraz J. M., Gubareva M. et al., International Review of Economics and Finance 2023
This paper studies the hedge against falling oil prices and the safe haven properties of fourteen major country-specific real estate investment trusts (REITs) indices for the Asian, American, European, and worldwide geographies. Our analyses are performed from both, returns and conditional volatility perspectives. Our sample spans from January 2016 until August 2022, covering the COVID-19 ...
Added: July 31, 2023
Zinkovsky K., Derkachev P., Кравченко И. А., М. : Национальный исследовательский университет "Высшая школа экономики", 2022
2019 и 2020 гг. стали этапными в работе российской системы образования в целом и высшего образования в частности. Цифровизация вузов началась еще до пандемии COVID‑19, но последняя резко ускорила этот процесс и потребовала дополнительных инвестиций в организацию дистанционного и смешанного обучения. Инвестиционные возможности вузов в такой ситуации – это вопрос сохранения способности функционировать и конкурировать ...
Added: February 15, 2022
Rebiazina V. A., Sharko E., Berezka S. et al., НИУ ВШЭ, 2021
The purpose of the analytical report is twofold. First, it aims to provide an overview of drivers and barriers to the development of the e-commerce market in Russia. Second, the report answers the question whether the recent growth of the e-commerce market in Russia was due to the COVID-19 pandemic or due to the shift ...
Added: April 25, 2022
Dzhagityan E. P., Орехов М. И., Вестник международных организаций: образование, наука, новая экономика 2022 Т. 17 № 3 С. 48-74
The Global Financial Crisis of 2007–2009 followed by sweeping overhaul of international banking regulation urged financial regulators to apply a tailored supervisory regime to global systemically important banks (G-SIBs). This approach was caused by exacerbation of G-SIBs’ systemic risks and their transmission during macro-level instability. The size of G-SIBs, the extent of their market power, ...
Added: June 29, 2022
Naumov A., Akimova V., Elmanova D. et al., Miscellanea Geographica 2020 Vol. 24 No. 2 P. 51-61
The objective of this work is to analyze the impact of seasonality on the socio-economic development of rural areas of the southern part of Karelia. This study is based on the field data obtained via semi-structured indepth interviews with experts from the local community. The results show that the influence of seasonality is rather indirect, ...
Added: October 29, 2020
Gubareva M., Umar Z., Sokolova T. et al., Applied Economics 2022 Vol. 54 No. 18 P. 2067-2076
We investigate how Covid-19 affects the emerging market (EM) bonds by analysing, on a standalone basis, investment grade (IG) and high yield (HY) debt per type of issuer. We document evidence that the option-adjusted spreads (OAS) of the IG and HY financials have recovered to the pre-Covid levels by the end of year 2020, while ...
Added: October 12, 2021
Zvezdina N., Сараев А. В., Вопросы статистики 2023 Т. 30 № 1 С. 27-41
On the part of the population, residential real estate is considered from the point of view of improving the standard of living, as well as an object of profitable investment. The Russian residential real estate market attracts the attention of not only the population, but also researchers. Its structure and the multifactorial nature of development ...
Added: October 10, 2022
Yakovlev A. A., Balaeva O., Predvoditeleva M. et al., ЭКО 2021 Т. 51 № 5 С. 53-76
This paper evaluates the impact of the crisis caused by the COVID-19 pandemic and measures of the state anti-crisis policy on the Russian tourism sector, as well as opportunities and directions of its development. The study is based on the results of a series of semi-structured interviews with owners of firms and heads of key ...
Added: April 26, 2021
Shkolnikov V., Klimkin I., McKee M. et al., SSM - Population Health 2022 Vol. 18 Article 101118
Excess mortality has been used to measure the impact of COVID-19 over time and across countries. But what
baseline should be chosen? We propose two novel approaches: an alternative retrospective baseline derived from
the lowest weekly death rates achieved in previous years and a within-year baseline based on the average of the
13 lowest weekly death rates within ...
Added: June 5, 2022
Umar Z., Bossman A., Iqbal N. et al., Applied Economics 2023
We examine whether the COVID-19 pandemic-induced systemic shocks cause a change in the dynamics of monetary policy spillovers among developed economies. Results from our analysis under the time-varying parameter vector autoregressive model indicate that: (i) variations in monetary policy actions are explained by monetary policy spillovers; (ii) shocks from the COVID-19 pandemic rocketed monetary policy ...
Added: June 22, 2023
Sviyazov V., Экономический журнал Высшей школы экономики 2023 Т. 27 № 3 С. 412-434
The problem of volatility forecasting with and without consideration of weekly seasonality effect (the weekend effect) is examined in this research. The question of the seasonality existence is understood in the following sense: do models, which incorporate seasonality, feature better forecasts? The fuzzy GARCH model, which accounts for a weekly seasonality effect is presented in ...
Added: October 28, 2023
Yakovlev A. A., Balaeva O., Predvoditeleva M. et al., Area Development and Policy 2023 Vol. 8 No. 3 P. 321-337
The COVID-19-related crisis had a strong negative effect on the world tourism industry, as has the current military conflict in Ukraine. However, with crises come opportunities as this research shows in the case of the Russian tourism industry. The 2020 crisis created the preconditions and opportunities to change the tourism industry’s historically distorted outward-oriented structure ...
Added: October 24, 2022
Gurkov I. B., Employee Relations 2022 Vol. 44 No. 6 P. 1504-1515
This study aimed to reveal the policies applied to determine the total expenses for managerial remuneration in manufacturing subsidiaries during the COVID-19 pandemic.
We analyzed the annual financial reports of Russian manufacturing subsidiaries containing data on managerial remuneration and compared the dynamics of annual revenues and the amount of annual managerial remuneration.
We identified four types of ...
Added: June 12, 2022