Temperature, Aggregate Risk, and Expected Returns
收藏NBER2011-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17575
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资源简介：
In this paper we show that temperature is an aggregate risk factor that adversely affects economic growth. Our argument is based on evidence from global capital markets which shows that the covariance between country equity returns and temperature (i.e., temperature betas) contains sharp information
提供机构：
美国国家经济研究局
创建时间：
2011-11-01
