Work

The impact of climate policy uncertainty on the Italian financial market

Year: 2024

Type: article

Abstract: In this paper, we develop the Climate Policy Uncertainty Index (CPU) for the Italian context based on news from major Italian newspapers. The CPU index exhibits distinct movements around major national and international climate events. We also investigate the effects of CPU on the Italian financial market. The results provide evidence that a shock CPU has a negative impact on financial market performance.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106094

Authors: Caterina Di Tommaso, Matteo Foglia, Vincenzo Pacelli

Institution: University of Bari Aldo Moro

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: hybrid

Estimated APC paid: $3,350