In this paper, we analyze the connection between climate change and stock return volatility. We use temperature anomalies to measure climate change and examine the role of technology shocks. Our study covers decades of data from 1880 to 2018, and we use a new dataset to track technology shocks....

We examine the role of speculation in the dynamics of carbon pricing, covering Phase II, Phase III, and Phase IV of the EU Emission Trading System (EU-ETS). We go beyond the norm of restricting the dynamics of carbon pricing to market fundamentals and instead develop an all-inclusive modelling...

We use the economic conditions of the federated states in the U.S. to offer new insights into the heterogeneity dynamics of the widely held assumption of the negative effect of EPU on economic activity. We use a semi-parametric smooth varying coefficient model (SVCM) to show that states with...