GARCH Institute; Fujian Vocational College of Agriculture, Fuzhou
Formal voting authority can matter even when it does not visibly change what a central banker says. We exploit the mechanical annual rotation of voting rights among Federal Reserve Bank presidents and ask whether otherwise c…
Serving a hyperscale data center can require irreversible utility investment before the customer operates. If the project is delayed, downsized, or cancelled, who pays for unused capacity? This paper studies largeload electr…
We develop a real-time framework for monitoring market stress through the geometry of rolling return distributions. A Wasserstein score locates each current distribution relative to low- and high-stress prototypes learned fr…
What happens to global information when a local equity market is closed but foreign markets continue to trade? We use exchange-calendar differences to construct UTC-stamped information windows from the last local close befor…
Global financial stress can synchronize market movements while generating distinct loss distributions. We establish this separation using rolling empirical distributions for the S&P 500, FTSE 100, Nikkei 225 and Hang Seng fr…
This paper examines whether Federal Open Market Committee (FOMC) statement language is associated with the long-run component of equity market volatility. We construct a dataset of 89 scheduled post-meeting statements issued…