Fig. 5From: The macro-financial effects of Climate Policy Risk: evidence from SwitzerlandEvent study: transition risk events. Note: This figure plots the coefficient βh from Eq. (4) for h = 1,…,12. A estimates the equation using daily stock prices, while B uses monthly stock prices. Standard errors are clustered in two ways at the date and firm level. Confidence bands display the 68 and 90% intervals, respectivelyBack to article page