In this paper we estimate the transmission of common euro area monetary policy shocks across the euro area main stock markets. To do so, we develop global SVAR models in which the ECB monetary policy is modeled as a function of euro area aggregate variables and the US variables that define the...

The debate over how firm environmental, social and governance (ESG) affects shareholder wealth has been receiving increasing interest in recent years, especially in periods of crisis such as the market crash triggered by COVID-19 pandemic. Some researchers have analysed whether ESG scores...