Climate Policy Uncertainty and Crude Oil Market Volatility
نویسندگان
چکیده
In this study, we pursue two main innovations. First, evaluate the predictive value of climate policy uncertainty (CPU) for oil market volatility. Second, demonstrate how an investor can exploit information contents CPU to gain higher returns. We find that increased values heighten crude risk, while forecast gains are achieved in a model accommodates CPU. further show observing offers portfolio returns than ignoring it.
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ژورنال
عنوان ژورنال: Energy research letters
سال: 2023
ISSN: ['2652-6433', '2652-6514']
DOI: https://doi.org/10.46557/001c.38781