 The effect of climate news risk on uncertaintiesLiping Ye Technological Forecasting and Social Change, 2022, vol. 178, issue C Abstract: Using the Wall Street Journal (WSJ) climate news index, this paper investigates the time-varying shock effects of climate news risk on uncertainties, which mainly include energy market uncertainty, economic policy uncertainty and financial market uncertainty. The degree of the effect of climate news risk on uncertainties varies in the short, medium and long terms; the short-term effect is the greatest, followed by the medium- and long-term effects. While climate news risk has a positive effect on economic policy uncertainty, it has a negative effect on energy market uncertainty. Climate news risk had a negative effect on financial market uncertainty before 2013 and has had a positive effect since 2013. During the UN Climate Change Conferences in Copenhagen, Doha and Paris, climate news risk shocks were found to have the greatest effect on economic policy uncertainty, followed by the effect on energy market uncertainty. The smallest degree of effect was on financial market uncertainty. Keywords: Climate news risk; OVX; EPU; VIX; TVP-VAR (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:178:y:2022:i:c:s0040162522001184 DOI: 10.1016/j.techfore.2022.121586 Access Statistics for this article Technological Forecasting and Social Change is currently edited by Fred Phillips More articles in Technological Forecasting and Social Change from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.