Central banks’ climate comms influence markets – CEPR column
Researchers draw conclusions after examining more than 35,000 speeches on environmental issues
Communications from central banks on climate-related topics significantly increase the stock returns of more environmentally friendly companies, a column for the Centre for Economic Policy Research argues.
The article, published on August 11, analyses how central banks in different regions approach climate-related issues, and the effects of these efforts on financial markets.
The authors – Emanuele Campiglio, Jérôme Deyris, Davide Romelli and Ginevra Scalisi – construct a dataset containing more
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