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Carbon Risk Premium and Worries about Climate Change and Energy Disruption

Santi, Caterina; Moretti, Angelo - 2021

This paper sheds light on the impact of public attitudes towards climate change and energy disruption on the pricing of emission (carbon-intensive) and clean (low-emission) stocks. We develop a regional indicator of worries about climate change and energy disruption using data from the European...

Persistent link: https://www.econbiz.de/10013323789

Rogue Waves : Climate Change and Firm Performance

Cevik, Serhan; Miryugin, Fedor - 2022

Climate change is an existential threat to the global economy and financial markets. There is a large body of literature documenting potential macroeconomic consequences of climate change, but firm-level empirical research on how climate change affects the performance of firms remains scarce....

Persistent link: https://www.econbiz.de/10013406095

Your Place in the World - Relative Income and Global Inequality

Fehr, Dietmar; Mollerstrom, Johanna; Perez-Truglia, Ricardo - 2021

There is abundant evidence on individual preferences for policies that reduce national inequality, but only little evidence on preferences for policies addressing global inequality. To investigate the latter, we conduct a two-year, face-to-face survey experiment on a representative sample of...

Persistent link: https://www.econbiz.de/10013231987

Climate Transition Risk Metrics : Understanding Convergence and Divergence across Firms and Providers

Bingler, Julia Anna; Colesanti Senni, Chiara; Monnin, Pierre - 2021

climate transition risk providers and covering the 1,500 firms of the MSCI World index. Our findings show that convergence …

Persistent link: https://www.econbiz.de/10013212535

COVID-19 and informal work : degrees and pathways of impact in 11 cities around the world

Chen, Martha Alter; Grapsa, Erofili; Ismail, Ghida; … - 2022

This paper presents findings from two rounds (2020 and 2021) of a study on the impact of the COVID-19 crisis on informal workers in 11 cities across five regions of the world (Africa, Asia, Eastern Europe, Latin America, and North America). The study, carried out by the WIEGO network in...

Persistent link: https://www.econbiz.de/10013191453

Common Ownership and Analyst Forecasts

Cheng, Qiang; Luo, Shuqing; Zhang, Jinping - 2021

We examine the effect of the common ownership relation between brokerage houses and the firms covered by their analysts (referred to as co-owned brokerage houses, co-owned firms, and connected analysts, respectively) on analyst forecast performance. Common ownership can help the connected...

Persistent link: https://www.econbiz.de/10013220504

The role of data and priors in estimating climate sensitivity

Ikefuji, Masako; Magnus, Jan R.; Vasnev, Andrey L. - 2023

In Bayesian theory, the data together with the prior produce a posterior. We show that it is also possible to follow the opposite route, that is, to use data and posterior information (both of which are observable) to reveal the prior (which is not observable). We then apply the theory to...

Persistent link: https://www.econbiz.de/10014451903

What people believe about monetary finance and what we can('t) do about it : evidence from a large-scale, multi-country survey experiment

Hommes, Cars H.; Pinter, Julien; Salle, Isabelle - 2023 - Last updated: July 14, 2023

We conduct an experiment within a large-scale household survey on public finance in France, the Netherlands and Italy. We elicit prior beliefs via open-ended questions and introduce a measure of macroeconomic policy literacy. An educational blog post from a central bank (CB) that opposes...

Persistent link: https://www.econbiz.de/10014293355

Macroprudential policy in central banks: integrated or separate? : survey among academics and central bankers

Malovaná, Simona; Hodula, Martin; Gric, Zuzana; … - 2022

We surveyed experts from academia, central banks and other regulatory institutions on the preferred institutional setup of macroprudential policy and the underlying interactions stemming from the conduct of monetary and macroprudential policy. We find substantial support for the integration...

Persistent link: https://www.econbiz.de/10013191391

Effect of health system performance on volatility during the COVID-19 pandemic : a neural network approach

Gheorghe, Cătălin; Panazan, Oana - In: Journal of business economics and management 25 (2024) 1, pp. 129-152

the COVID-19 pandemic. Data from the World Health Organization was accessed regarding the Global Health Security Index of … volatility, a representative stock market index was considered for each of the 60 states analysed. Data processing was carried … variables is much stronger; iii) between the six categories that define the Global Health Security Index, norms, health, and …

Persistent link: https://www.econbiz.de/10014540536