Feverish Stock Price Reactions to COVID-19

Courtesy of Stefano Ramelli* and Alexander F. Wagner** The outbreak of COVID-19 took the world economy by surprise. The topic ‘‘infectious diseases’’ was ranked number 10 in terms of impact in the World Economic Forum’s Global Risk Report 2020, published on January 15, 2020, but was considered quite unlikely. Instead, most corporate decision-makers and politicians […]