We extend the NK model with geophysical variables to study different climate polices. This paper examines the effect of a temporary climate disaster shock on macroeconomic dynamics and analyzes the role of climate policy, including emission cap policy, emission tax policy, and intensity target...

We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...