The views expressed are those of the authors and should therefore not be reported as representing the views of of their respective institutions. [...] The graph plots the DiD estimates for each quarter from the implementation of the restrictions (t = 0) until they are lifted, as well as for the quarters preceding the restrictions, denoted by negative values in the x-axis (pre and post periods are separated by the vertical blue line). [...] As can be seen in the right panel of Figure 2, the difference became negative and significant after the introduction of the restrictions, peaking at -1 pp in the first three months of restrictions, before stabilising at around -0.5 pps thereafter. [...] Jozef’s work has appeared in the Review of Economics and Statistics, Econometrics Journal, Journal of Financial Econometrics, Journal of Financial Markets, Econometric Reviews, Journal of Economic Dynamics and Control, The Energy Journal, he is an Associate Editor of the Digital Finance, Journal of Economic Interaction and Coordination, and Kybernetika, and also referees frequently for several jou. [...] SUERF Secretariat c/o OeNB SUERF’s events and publications The views expressed are those of the Otto-Wagner-Platz 3 provide a unique European author(s) and not necessarily those of A-1090 Vienna, Austria network for the analysis and the institution(s) the author(s) is/are Phone: +43-1-40420-7206 discussion of these and related issues.
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