Climate change, risk factors and stock returns: A review of the literature

A Venturini - International Review of Financial Analysis, 2022 - Elsevier
This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

[HTML][HTML] The economic impacts of natural disasters: A review of models and empirical studies

WJW Botzen, O Deschenes… - … Economics and Policy, 2019 - journals.uchicago.edu
Economic losses from natural disasters have been increasing in recent decades. This has
been attributed mainly to population and economic growth in disaster-prone areas. Future …

Global supply chains amplify economic costs of future extreme heat risk

Y Sun, S Zhu, D Wang, J Duan, H Lu, H Yin, C Tan… - Nature, 2024 - nature.com
Evidence shows a continuing increase in the frequency and severity of global heatwaves,,
raising concerns about the future impacts of climate change and the associated …

Globally unequal effect of extreme heat on economic growth

CW Callahan, JS Mankin - Science Advances, 2022 - science.org
Increased extreme heat is among the clearest impacts of global warming, but the economic
effects of heat waves are poorly understood. Using subnational economic data, extreme …

Climate change news risk and corporate bond returns

TD Huynh, Y **a - Journal of Financial and Quantitative Analysis, 2021 - cambridge.org
We examine whether climate change news risk is priced in corporate bonds. We estimate
bond covariance with a climate change news index and find that bonds with a higher climate …

Contact versus exposure: Refugee presence and voting for the far right

A Steinmayr - Review of Economics and Statistics, 2021 - direct.mit.edu
This paper investigates how different forms of exposure to refugees affect voting for Far
Right parties. I study the state of Upper Austria where many municipalities hosted asylum …

Financial development, openness, innovation, carbon emissions, and economic growth in China

G Li, W Wei - Energy Economics, 2021 - Elsevier
Drawing on balanced panel data of 30 Chinese provinces in 1987–2017, this paper
examines the impact of carbon emissions on economic growth through the panel smooth …

Inference with arbitrary clustering

Recent years have witnessed a tremendous surge of empirical studies with data endowed
with a topology, such as spatial data or network data. In these data, unobserved shocks can …

Estimating economic damage from climate change in the United States

S Hsiang, R Kopp, A **a, J Rising, M Delgado… - Science, 2017 - science.org
Estimates of climate change damage are central to the design of climate policies. Here, we
develop a flexible architecture for computing damages that integrates climate science …

Temperature shocks and establishment sales

JM Addoum, DT Ng… - The Review of Financial …, 2020 - academic.oup.com
Combining granular daily data on temperatures across the continental United States with
detailed establishment data from 1990 to 2015, we study the causal impact of temperature …