We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets … by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic … 5-10 percent, reflecting impact uncertainty. Using hurricane forecasts, we show that landfall uncertainty and potential …

We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and …-lasting increases in implied volatility, reflecting impact uncertainty. Using hurricane forecasts, we find both landfall uncertainty and … potential impact uncertainty are reflected before landfall in the options of exposed firms. However, comparing ex ante expected …

We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and …-lasting increases in implied volatility, reflecting impact uncertainty. Using hurricane forecasts, we find both landfall uncertainty and … potential impact uncertainty are reflected before landfall in the options of exposed firms. However, comparing ex ante expected …

and transmission pathway of CCRR proxies (green index, carbon price, general and climate uncertainty) on US Small Minus … energy innovation industry (green companies) and climate policy uncertainty are drivers of the transmission spillover network …

Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about … assuming that the random walk of economic growth is affected by some parametric uncertainty. We show that the same arguments … investment is larger than half of relative risk aversion. Another important consequence of parametric uncertainty is that the …