The aim of this paper is to capture the time-varying effects of the relationship between changes in the Economic Sentiment Indicator (ESI) and economic growth. We use penalized regression splines to estimate the different point effects over time. Evidence from six European countries supports the...

We investigate Okun's law in some European countries over 1985-2020 period, with a focus on the COVID-19 pandemic. We compare estimates using traditional OLS and an M-robust estimator within a rolling regression framework. Firstly, we found that the M-estimator outperforms the OLS estimator in...

I investigate the exposure of sectoral equity portfolios to climate transition risks by augmenting a three-factor asset pricing model with a green-minus-brown (GMB) factor as a proxy. I estimate the relationship between risk factors and excess returns within an additive mixed model...