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Determinants of heat risk in an aging population : a machine learning approach

Klauber, Hannah; Koch, Nikolas - 2023

This paper identifies individual and regional risk factors for hospitalizations caused by heat within the German population over 65 years of age. Using administrative insurance claims data and a machine-learning-based regression model, we causally estimate heterogeneous heat effects and explore...

Persistent link: https://www.econbiz.de/10014230151

Do Salient Climatic Risks Affect Shareholder Voting?

Fich, Eliezer M.; Xu, Guosong - 2021

Shareholders in locations recently hit by hurricanes significantly increase their support for environmental proposals even if they never previously voted for similar initiatives. Our results show that changed beliefs about salient climate risks rather than firms’ fundamentals drive the...

Persistent link: https://www.econbiz.de/10013218152

Hurricanes, climate change policies and electoral accountability

Gagliarducci, Stefano; Paserman, Marco Daniele; … - 2019

This paper studies how politicians and voters respond to new information on the threats of climate change. Using data on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts hit by a hurricane are more likely to support bills...

Persistent link: https://www.econbiz.de/10012006068

A Machine Learning Based Anatomy of Firm-level Climate Risk Exposure

Li, Kai; Yu, Tingyu - 2022

We construct various measures of firm-level climate risk exposure by utilizing two natural language processing techniques (LDA and word2vec) on firms‘ quarterly earnings conference call transcripts. The unsupervised learning method automatically generates five topics, all aligned with popular...

Persistent link: https://www.econbiz.de/10013306272

Structural Policy and Public Finance Under Institutional Uncertainty

Gasanov, Sergii - 2018

Theoretical and practical problems of structural policy are considered under institutional uncertainty, financial constraints and fiscal consolidation programs. The necessity for development and implementation of a new concept of structural policy is justified in view of the actual state of the...

Persistent link: https://www.econbiz.de/10012927226

Economic policy uncertainty in the euro area : an unsupervised machine learning approach

Azqueta-Gavaldón, Andrés; Hirschbühl, Dominik; … - 2020

We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning techniques to news articles. The unsupervised machine learning algorithm used makes it possible to retrieve the individual components of overall EPU endogenously for a wide range of...

Persistent link: https://www.econbiz.de/10012139754

Economic Policy Uncertainty in the Euro Area : An Unsupervised Machine Learning Approach

Azqueta-Gavaldon, Andres - 2020

Persistent link: https://www.econbiz.de/10012844456

Can Risks be Good News? Revealing Risk Perception of Real Estate Investors using Machine Learning

Koelbl, Marina; Laschinger, Ralf; Steininger, Bertram I.; … - 2021

The SEC mandates firms to inform investors about their assessment of future contingencies in their 10 Ks. However lengthy and complex disclosures – mostly for dozens of firms in an investor’s portfolio – can barely be processed by a human being. To cope with the flood of information, we...

Persistent link: https://www.econbiz.de/10013244530

The role of economic uncertainty in rising populism in the EU

Gozgor, Giray - 2020

24 European Union (EU) countries for the period from 1980 to 2020. In so doing, we focus on the shares of total populism …, right-wing populism, and left-wing populism votes as well as a new indicator of economic uncertainty, so-called, the "World … (IV) estimations, we show that a higher level of the WUI is positively related to total populism and right-wing populist …

Persistent link: https://www.econbiz.de/10012263395

Leaping into the dark : a theory of policy gambles

Anand, Kartik; Gai, Prasanna; König, Philipp Johann - 2020

Why do politicians sometimes pursue policies with uncertain outcomes? We present a model in which politicians are unable to pre-commit to a status quo policy, and where investors and voters face a conflict over the division of output. Politicians may deviate from the status quo and pursue risky...

Persistent link: https://www.econbiz.de/10012173547

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