Albanese, Marina; Caporale, Guglielmo Maria; Colella, Ida; … - 2024
This paper examines the impact of transition and physical climate risk on stock markets using, for the first time in … short term. Further, while physical risk appears to have an immediate impact, transition risk is shown to affect stock … markets also over a longer time horizon. Finally, national climate policies seem to be more effective when implemented within …