| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15557 |
| DP15557 Climate Finance | |
| Stefano Giglio; Johannes Ströbel; Bryan Kelly | |
| 发表日期 | 2020-12-14 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance. |
| 主题 | Financial Economics ; Macroeconomics and Growth |
| URL | https://cepr.org/publications/dp15557 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544563 |
| 推荐引用方式 GB/T 7714 | Stefano Giglio,Johannes Ströbel,Bryan Kelly. DP15557 Climate Finance. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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