Papers & Opinions

Empirics | Financial markets

Geopolitical Risk and Stock Returns

Paper

Posted on 14 April 2025

By Jinfei Sheng

This paper systematically examines the relationship between geopolitical risk and stock market returns by constructing a comprehensive Geopolitical Risk Index (GRI) using textual analysis of Wall Street Journal archives from...
READ MORE

Electoral politics | Empirics | Financial markets

Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 US Elections

Paper

Posted on 28 January 2022

By Stefano Ramelli

Donald Trump's 2016 election and his nomination of climate skeptic Scott Pruitt to head the Environmental Protection Agency drastically downshifted expectations about U.S. policy toward climate change. Joseph Biden's 2020...
READ MORE