How sensitive is Earth's climate to a given increase in atmospheric greenhouse gas (GHG) concentrations? This long-standing and fundamental question in climate science was recently analyzed by dynamic panel data methods using extensive spatiotemporal data of global surface temperatures, solar...

We investigate the relationship between hybrid tail covariance risk (HTCR) and expected return over the last four decades. Despite a significant positive HTCR-expected return relationship in Bali et al. (2014), we find that this relationship is not significant at least during average market...