Because the U.S.is a major player in the international oil market,it is interesting to study whether aggregate and state-level economic conditions can predict the subse-quent realized volatility of oil price returns.T...Because the U.S.is a major player in the international oil market,it is interesting to study whether aggregate and state-level economic conditions can predict the subse-quent realized volatility of oil price returns.To address this research question,we frame our analysis in terms of variants of the popular heterogeneous autoregressive realized volatility(HAR-RV)model.To estimate the models,we use quantile-regression and quantile machine learning(Lasso)estimators.Our estimation results highlights the dif-ferential effects of economic conditions on the quantiles of the conditional distribution of realized volatility.Using weekly data for the period April 1987 to December 2021,we document evidence of predictability at a biweekly and monthly horizon.展开更多
China＇s environmental problems have become increasingly serious, which have caused great attention of the relevant departments of the state. Through the survey, we found that in most of the cities in our country, the...China＇s environmental problems have become increasingly serious, which have caused great attention of the relevant departments of the state. Through the survey, we found that in most of the cities in our country, the inhalable particulate matter PM10 is one of the main pollutants, especially in the capital of China -- Beijing, which is the arch-criminal cause of the air pollution. According to the quality control report released in Beijing City Environmental Protection Bureau, as can be learned, in recent years, Beijing＇s air quality goes from bad to worse, and in the overall atmospheric pollutants, the PM10 is up to above nine tenths. There are more reports saying that the air pollution levels in Beijing have been not suitable for the human habitation. With the increasing of the air pollution, the term PM2.5 is also more and more familiar to us. The air more intensified the pollution is, the greater the ratio of PM2.5 in PM10 is. In that case, it not only seriously affects the people＇s health, but also brings the huge economic losses. This paper is aimed to analyze the influence of PM2.5 on the economic situation of Beijing, and puts forward the concrete solutions.展开更多
文摘Because the U.S.is a major player in the international oil market,it is interesting to study whether aggregate and state-level economic conditions can predict the subse-quent realized volatility of oil price returns.To address this research question,we frame our analysis in terms of variants of the popular heterogeneous autoregressive realized volatility(HAR-RV)model.To estimate the models,we use quantile-regression and quantile machine learning(Lasso)estimators.Our estimation results highlights the dif-ferential effects of economic conditions on the quantiles of the conditional distribution of realized volatility.Using weekly data for the period April 1987 to December 2021,we document evidence of predictability at a biweekly and monthly horizon.
文摘China＇s environmental problems have become increasingly serious, which have caused great attention of the relevant departments of the state. Through the survey, we found that in most of the cities in our country, the inhalable particulate matter PM10 is one of the main pollutants, especially in the capital of China -- Beijing, which is the arch-criminal cause of the air pollution. According to the quality control report released in Beijing City Environmental Protection Bureau, as can be learned, in recent years, Beijing＇s air quality goes from bad to worse, and in the overall atmospheric pollutants, the PM10 is up to above nine tenths. There are more reports saying that the air pollution levels in Beijing have been not suitable for the human habitation. With the increasing of the air pollution, the term PM2.5 is also more and more familiar to us. The air more intensified the pollution is, the greater the ratio of PM2.5 in PM10 is. In that case, it not only seriously affects the people＇s health, but also brings the huge economic losses. This paper is aimed to analyze the influence of PM2.5 on the economic situation of Beijing, and puts forward the concrete solutions.
