{"id":"https://openalex.org/W4414875475","doi":"https://doi.org/10.2139/ssrn.5572973","title":"Global Spillovers of Climate Policy Shocks","display_name":"Global Spillovers of Climate Policy Shocks","publication_year":2025,"publication_date":"2025-01-01","ids":{"openalex":"https://openalex.org/W4414875475","doi":"https://doi.org/10.2139/ssrn.5572973"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.5572973","doi":"https://doi.org/10.2139/ssrn.5572973","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5572973","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"parent_works":[],"lineage":["https://openalex.org/W4414875475"],"child_works_count":0,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.5572973","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071184783","display_name":"Julian di Giovanni","orcid":"https://orcid.org/0000-0002-6864-6401","observed_orcids":["https://orcid.org/0000-0002-6864-6401"]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I43638361","display_name":"Federal Reserve Bank of New York","ror":"https://ror.org/05hwvzg47","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I43638361"]}],"countries":["GB","US"],"is_corresponding":true,"raw_author_name":"Julian di Giovanni","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR)","Centre for Economic Policy Research (CEPR), London, United Kingdom","Federal Reserve Banks - Federal Reserve Bank of New York","Federal Reserve Banks - Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Federal Reserve Banks - Federal Reserve Bank of New York","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I43638361"]},{"raw_affiliation_string":"Federal Reserve Banks - Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045, United States","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I43638361"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082353504","display_name":"Galina B. Hale","orcid":"https://orcid.org/0000-0002-5604-9730","observed_orcids":["https://orcid.org/0000-0002-5604-9730"]},"institutions":[{"id":"https://openalex.org/I185103710","display_name":"University of California, Santa Cruz","ror":"https://ror.org/03s65by71","country_code":"US","type":"education","lineage":["https://openalex.org/I185103710"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Galina Hale","raw_affiliation_strings":["University of California, Santa Cruz","University of California, Santa Cruz, 1156 High St, Santa Cruz, CA 95064, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California, Santa Cruz","institution_ids":["https://openalex.org/I185103710"]},{"raw_affiliation_string":"University of California, Santa Cruz, 1156 High St, Santa Cruz, CA 95064, United States","institution_ids":["https://openalex.org/I185103710"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5117069856","display_name":"Neel Lahiri","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Neel Lahiri","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5070953228","display_name":"Anirban Sanyal","orcid":"https://orcid.org/0000-0002-3093-001X","observed_orcids":["https://orcid.org/0000-0002-3093-001X"]},"institutions":[{"id":"https://openalex.org/I1287339526","display_name":"Reserve Bank of India","ror":"https://ror.org/04w0b7z78","country_code":"IN","type":"other","lineage":["https://openalex.org/I1287339526"]},{"id":"https://openalex.org/I2799351866","display_name":"Government of India","ror":"https://ror.org/036h6g940","country_code":"IN","type":"government","lineage":["https://openalex.org/I2799351866"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Anirban Sanyal","raw_affiliation_strings":["Government of India - Reserve Bank of India","Government of India - Reserve Bank of India, Bakery Junction Service Road, Vazhuthacaud, Thiruvananthapuram, Kerala 695033, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Government of India - Reserve Bank of India","institution_ids":["https://openalex.org/I1287339526","https://openalex.org/I2799351866"]},{"raw_affiliation_string":"Government of India - Reserve Bank of India, Bakery Junction Service Road, Vazhuthacaud, Thiruvananthapuram, Kerala 695033, India","institution_ids":["https://openalex.org/I1287339526"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":6,"corresponding_author_ids":["https://openalex.org/A5071184783"],"corresponding_institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I4210140326","https://openalex.org/I43638361"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.7026000022888184,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.7026000022888184,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.21469999849796295,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.0640999972820282,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/climate-policy","display_name":"climate policy","score":0.6729999780654907},{"id":"https://openalex.org/keywords/eu-emissions-trading-system","display_name":"EU Emissions Trading System","score":0.8029999732971191},{"id":"https://openalex.org/keywords/carbon-pricing","display_name":"carbon pricing","score":0.9539999961853027},{"id":"https://openalex.org/keywords/international-spillovers","display_name":"international spillovers","score":0.6930000185966492},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.9850000143051147},{"id":"https://openalex.org/keywords/policy-shocks","display_name":"policy shocks","score":0.6949999928474426},{"id":"https://openalex.org/keywords/intermediate-goods-trade","display_name":"intermediate goods trade","score":0.9300000071525574},{"id":"https://openalex.org/keywords/sectoral-effects","display_name":"sectoral effects","score":0.5789999961853027},{"id":"https://openalex.org/keywords/spatial-autoregressive-model","display_name":"spatial autoregressive model","score":0.6420000195503235}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7128000259399414},{"id":"https://openalex.org/C2987945947","wikidata":"https://www.wikidata.org/wiki/Q1774427","display_name":"Climate policy","level":3,"score":0.6633999943733215},{"id":"https://openalex.org/C100405246","wikidata":"https://www.wikidata.org/wiki/Q8348417","display_name":"Emissions trading","level":3,"score":0.6326000094413757},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6240000128746033},{"id":"https://openalex.org/C2992790879","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Structural vector autoregression","level":3,"score":0.47450000047683716},{"id":"https://openalex.org/C2988944679","wikidata":"https://www.wikidata.org/wiki/Q7937","display_name":"Global climate","level":3,"score":0.46399998664855957},{"id":"https://openalex.org/C2779200991","wikidata":"https://www.wikidata.org/wiki/Q20681009","display_name":"Carbon price","level":3,"score":0.4487000107765198},{"id":"https://openalex.org/C2993946284","wikidata":"https://www.wikidata.org/wiki/Q5037988","display_name":"Carbon market","level":3,"score":0.4456000030040741},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.4165000021457672},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.40549999475479126},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39989998936653137},{"id":"https://openalex.org/C115343472","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Global warming","level":3,"score":0.3952000141143799},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.37209999561309814},{"id":"https://openalex.org/C47737302","wikidata":"https://www.wikidata.org/wiki/Q167336","display_name":"Greenhouse gas","level":2,"score":0.36320000886917114},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.33390000462532043},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.3107999861240387},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.3012000024318695},{"id":"https://openalex.org/C2778976125","wikidata":"https://www.wikidata.org/wiki/Q288401","display_name":"Carbon tax","level":3,"score":0.27410000562667847},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2702000141143799},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.26600000262260437},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.26440000534057617},{"id":"https://openalex.org/C40003211","wikidata":"https://www.wikidata.org/wiki/Q5570838","display_name":"Global environmental analysis","level":2,"score":0.2547000050544739}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.5572973","doi":"https://doi.org/10.2139/ssrn.5572973","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5572973","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.5572973","doi":"https://doi.org/10.2139/ssrn.5572973","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5572973","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/13","display_name":"Climate action","score":0.821399986743927}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1969886729","https://openalex.org/W2166001406","https://openalex.org/W2787872044","https://openalex.org/W2940861487","https://openalex.org/W2942441443","https://openalex.org/W3034725036","https://openalex.org/W3121758494","https://openalex.org/W3122067708","https://openalex.org/W3201674770","https://openalex.org/W3205988462","https://openalex.org/W4286669989","https://openalex.org/W4296376914","https://openalex.org/W4311167092","https://openalex.org/W4385782790","https://openalex.org/W4404351189"],"related_works":["https://openalex.org/W7111696767","https://openalex.org/W7160292156","https://openalex.org/W7064204465","https://openalex.org/W7135073826","https://openalex.org/W7204022293","https://openalex.org/W4409659225","https://openalex.org/W4319599752","https://openalex.org/W7147372416","https://openalex.org/W4399628530","https://openalex.org/W4403144743"],"abstract_inverted_index":null,"counts_by_year":[],"updated_date":"2026-11-14T11:04:58.165337","created_date":"2025-10-10T00:00:00"}
