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220928 ||| eng |
| 100 |
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|a Berestycki, Clara
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| 245 |
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|a Measuring and assessing the effects of climate policy uncertainty
|h Elektronische Ressource
|c Clara, Berestycki ... [et al]
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| 260 |
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|a Paris
|b OECD Publishing
|c 2022
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| 300 |
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|a 64 p.
|c 21 x 28cm
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| 653 |
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|a Economics
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| 700 |
1 |
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|a Carattini, Stefano
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| 700 |
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|a Dechezleprêtre, Antoine
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| 700 |
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|a Kruse, Tobias
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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| 490 |
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|a OECD Economics Department Working Papers
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| 028 |
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|a /10.1787/34483d83-en
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| 856 |
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/34483d83-en
|x Verlag
|3 Volltext
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|a 330
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|a This study proposes a new indicator of Climate Policy Uncertainty based on newspaper coverage frequency. The indicator currently includes 12 OECD Member Countries and covers the period 1990-2018. The index spikes near major political events and during major discussions around potentially significant climate policy changes. Using a global firm-level dataset, the empirical analysis shows that Climate Policy Uncertainty is associated with economically and statistically significant decreases in investment, particularly in pollution-intensive sectors that are most exposed to climate policies, and among capital-intensive companies. In addition to annual series, the study also provides the indicator at higher frequencies of monthly and quarterly levels, and develops sub-indices that capture the direction of climate policy uncertainty associated with a strengthening or a weakening of climate policies for a sub-set of countries
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