The time-varying relationship between climate uncertainty, low-carbon stocks and green bonds

• Published in: The North American journal of economics and finance Vol. 77; p. 102387
• Main Authors: Xu, Ziyao, Zhou, Deheng, Ma, Junfeng, Yuan, Jing
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.03.2025
• Subjects: Climate Uncertainty; Green bonds; TVP-VAR; TVP-VAR; Green bonds; G12; Climate Uncertainty; G28; G11

•We studied both CU and CPU.•We found the time-varying nature of the relationship between the variables.•We study the accumulated impact of CU and CPU.•Our results have important implications for both policy makers and investors. In the context of climate risk, it is crucial to manage the risk of gr...