Is Physical Climate Risk Priced? Evidence from Regional Variation in Exposure to Heat Stress
收藏NBER2022-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30445
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资源简介：
We exploit regional variations in exposure to heat stress to study if physical climate risk is priced in municipal bond, corporate bond and equity markets. We find consistent evidence across asset classes that local exposure to heat stress is associated with higher yield spreads for bonds and higher
提供机构：
美国国家经济研究局
创建时间：
2022-09-01
