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关注减少碳排放和金融市场压力:基于量子VAR建模的网络溢出分析
1College of Finance, Tianjin University of Finance and Economics, Tianjin, 300222, China; Research Center for Finance and Insurance, Tianjin University of Finance and Economics, Tianjin, 300222, China.
金融市场压力和减少碳排放的注意力密切相关,注意力往往是接收信息. 极端的市场条件显示出更高的波动溢出效应,影响原油和房地产市场.
科学领域:
- 环境经济学环境经济学
- 金融市场 金融市场
- 气候变化政策 气候变化政策
背景情况:
- 越来越多的人对气候变化越来越担心,人们越来越关注减少碳排放.
- 金融市场压力是一个由各种全球事件影响的关键因素.
研究的目的:
- 量化碳减排关注和金融市场压力之间的波动溢出效应.
- 在不同的市场条件下分析动态关系.
主要方法:
- 构建综合指标,以关注减少碳排放和金融市场压力.
- 应用量子向量自回归 (VAR) 方法来评估波动溢出效应.
主要成果:
- 在减少碳排放的关注和金融市场压力之间存在显著的波动溢出效应,注意力主要充当信息接收器.
- 总溢出表现出一个"碗"结构跨量子,而净溢出模式不同.
- 极端的市场条件 (量度) 显示了较高的动态溢出水平 (60-80%) 与中位数条件相比.
- 确定了碳减排关注和原油市场压力之间的互补溢出效应,以及股市和房地产市场压力之间的互补溢出效应.
结论:
- 关注减少碳排放和金融市场压力是相互关联的,这对市场稳定有影响.
- 了解溢出效应动态,特别是在极端事件期间,对于金融风险管理至关重要.
- 鉴定到的互补溢出效应表明了碳减排重点与房地产市场之间的相互作用中的潜在投资机会.
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