A common method to study the dynamic behavior of macroeconomic variables is using linear time series models; however, they are unable to explain nonlinear behavior of the series. Given the dependency between stock market and derivatives, the behavior of the underlying asset price can be modeled...

Overlapping climate policies can interact in undesired ways. This paper is the first to employ an event study to investigate the interaction of national coal phase-outs and the European emissions trading system (EU ETS) by empirically examining how allowance prices reacted to coal phase-out...