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- W3023646084 abstract "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." @default.
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- W3023646084 date "2021-01-01" @default.
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- W3023646084 title "Carbon and inflation" @default.
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- W3023646084 doi "https://doi.org/10.1016/j.frl.2020.101519" @default.
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