FOR 5583 - TP4: Measuring and modelling climate policy uncertainty

Basic data for this project

Description

This project explores the impact of climate policy uncertainty on the real economy and financial markets. First, we aim to understand the effects on decision-makers in the real economy, financial intermediaries, and households. Second, we model and empirically identify its influence on asset prices. Key features of our approach are: i) the development of new ways to measure climate policy uncertainty based on new data sources such as news feeds; ii) the appropriate enhancement of asset pricing models; iii) the analysis of the role of financial intermediaries. All three innovations target to provide novel insights for policymakers and market participants.