Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10003288545
Persistent link: https://www.econbiz.de/10001432955
Persistent link: https://www.econbiz.de/10001559693
Persistent link: https://www.econbiz.de/10001525325
Persistent link: https://www.econbiz.de/10013348318
We exploit regional variations in exposure to heat stress to study if physical climate risk is priced in municipal and corporate bonds as well as in equity markets. We find that local exposure to damages related to heat stress equaling 1% of GDP is associated with municipal bond yield spreads...
Persistent link: https://www.econbiz.de/10013388801