The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent …

significantly influence consumption dynamics. Our estimates of the indexes of relative risk aversion and relative prudence, as well …

significantly influence consumption dynamics. Our estimates of the indexes of relative risk aversion and relative prudence, as well …

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty …: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between …

We examine whether and how institutional investors respond to mandatory climate risk disclosure. We exploit the … staggered adoption of a climate risk disclosure regulation by U.S. states that made the disclosure mandatory for insurers … to disclose. Our findings provide early evidence that climate risk disclosure affects insurers' investment decisions …

The analysis of the conditions under which, and extent to which climate-adjusted financial risk assessment affects … limiting firms' capacity to invest in low-carbon activities that could decrease their exposure to transition risk and help them …

climate risk beliefs. We exploit two types of idiosyncratic belief shocks: (i) instances when fund advisers experience local … hedge portfolios for aggregate unemployment and house price risk …

premiums. Until 2008, risk-adjusted returns increase with emissions and decrease with duration. Thereafter, high emission and …

where management unit had no reliable data on variable factors, or in other words, when decisions must be taken under risk …