Author Archives: Stefano Ramelli

Is Sustainable Finance a Dangerous Placebo? 

By | August 30, 2023

In recent years, the financial industry has been increasingly pressured to actively contribute to addressing critical societal challenges, such as climate change. Now, many investors expect their money to be managed in a way that promotes positive environmental and social change. Given these expectations, there is a growing interest in understanding the real impact of… Read More »

Feverish Stock Price Reactions to COVID-19

By | April 6, 2020

Courtesy of Stefano Ramelli* and Alexander F. Wagner** The outbreak of COVID-19 took the world economy by surprise. The topic ‘‘infectious diseases’’ was ranked number 10 in terms of impact in the World Economic Forum’s Global Risk Report 2020, published on January 15, 2020, but was considered quite unlikely. Instead, most corporate decision-makers and politicians… Read More »