Early COVID-19 Policy Response on Healthcare Equity Prices

2021 ◽  
Author(s):  
Ikhlaas Gurrib
FEDS Notes ◽  
2021 ◽  
Vol 2021 (2786) ◽  
Author(s):  
Deepa D. Datta ◽  
◽  
Benjamin K. Johannsen ◽  
Robert J. Vigfusson ◽  
◽  
...  

We analyze the recent behavior of oil and equity prices in the context of our earlier work, Datta, et al. (2021), which focuses on the previous zero lower bound (ZLB) episode, in the aftermath of the Global Financial Crisis. We find that the correlation between oil and equity returns and the responsiveness of these returns to macroeconomic surprises are perhaps elevated relative to normal times but somewhat moderated relative to the previous ZLB episode.


2008 ◽  
pp. 107 ◽  
Author(s):  
Alice Woolley

Access to justice is an integral component of the legal system. However, the question of upon whose shoulders the obligation of ensuring this access should fall has been widely debated. In particular, do lawyers, as part ofthe legalprofession, have a special obligation to foster access to justice? In this article, the author explores the legitimacy of various arguments with respect to whether lawyers should carry this obligation to a greater extent than other members of society. The author begins by critiquing the traditional arguments related to imposing such an obligation on lawyers — for instance, the refined monopoly arguments. She then goes on to critically consider an alternative argument: that imperfections in the marketfor legal services justify the existence of a special obligation for lawyers. An examination of the limitations of this justification follows. Overall, the author concludes that while the arguments arising from imperfections in the legal market offer the best justification for seeing lawyers have a special obligation to ensure access tojustice, the claims from the argument are modest ones, and any policy response in furtherance of such an obligation should be similarly modest.


2019 ◽  
Author(s):  
Amir Rubin ◽  
Alexander Vedrashko
Keyword(s):  

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