This paper studies the economic impacts of carbon pricing. Exploiting institutional features of
the European carbon market and high-frequency data, I document that a tighter carbon …

This paper studies how changes in oil supply expectations affect the oil price and the
macroeconomy. Using a novel identification design, exploiting institutional features of OPEC …

It has been 40 years since the oil crisis of 1973/74. This crisis has been one of the defining
economic events of the 1970s and has shaped how many economists think about oil price …

There has been much interest in the causes of the steep decline in the Brent price of oil
between June and December 2014. Our analysis shows that more than half of this decline …

News about macroeconomic fundamentals and geopolitical events affect crude oil markets
differently. Using sentiment scores for a broad set of global news of different types, we find …

We investigate the interplay between energy prices and drilling activities in the United States
and how this relationship has evolved due to the shale revolution. We hypothesize that (1) …

This paper examines how changes in oil supply expectations affect the social responsibility
scores of Chinese listed companies and attempts to identify the source of this expectations …

The standard new Keynesian model predicts that economies behave differently at the zero
lower bound: completely wasteful government spending or forward guidance is very …

The financialization of commodity markets over the last decade has changed the behavior of
commodity prices in fundamental ways. In this paper, we uncover the gradual transformation …

We study the effects of carbon price uncertainty on firms' decisions to decarbonize their
operations. We first use information on the pricing of options on emission allowances in the …