Carbon and inflation
|
View
|
|
| Pardo Tornero, Ángel | |
| This document is a artículoDate2021 | |
| This paper investigates whether European Union Allowances (EUAs) can serve as an inflation hedge for two economic areas, four euro countries and two non-euro countries. The Extended Fisher Hypothesis is tested and the evidence shows a strong positive relationship between EUA returns and the unexpected inflation component in all the economic areas or countries analysed, except for the US. Therefore, EUAs are able to provide a hedge against unanticipated inflation rates. | |
|
Pardo Tornero, Ángel 2021 Carbon and inflation Finance Research Letters 38 |
|
| https://doi.org/10.1016/j.frl.2020.101519 |
This item appears in the following Collection(s)
-
53 - Ciències Económiques [1467]