IIMA Institutional Repository
This Institutional Repository has been created to collect, preserve and distribute the scholarly output of Indian Institute of Management, Ahmedabad. This will work as an important tool to facilitate scholarly communication and preserve the institution knowledge. The Vikram Sarabhai Library is proud to be hosting the repository for the dissemination and preservation of this valuable knowledge resource of the IIMA community.
Please use this identifier to cite or link to this item:
http://hdl.handle.net/11718/26535| Title: | Green bonds and the inflation reduction act (IRA) |
| Authors: | Jain, Sanjay Kumar |
| Keywords: | Climate finance;Green bonds;Climate policy;Policy uncertainty |
| Issue Date: | 18-Apr-2023 |
| Publisher: | Indian Institute of Management Ahmedabad |
| Citation: | Jain, Sanjay Kumar (2023). Green bonds and the inflation reduction act (IRA). IIM Ahmedabad. |
| Abstract: | I study the impact of the Inflation Reduction Act (2022) on the cost of green bonds in the USA. In this study, I employ a difference-in-difference methodology to compare the cost of green bonds issued by US firms in USD after the implementation of IRA by taking green bonds issued by Non-US firms as a counterfactual. I find that after the implementation of IRA, the cost of green bonds in the USA decreased compared to that in other countries. Findings indicate that Governments can mitigate constraints on the cost and supply of climate financing through fiscal policy interventions that improve business environments for firms and spur the demand for cleaner fuels and products from individuals. |
| URI: | http://hdl.handle.net/11718/26535 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Green_bonds_and_the inflation_reduction_act (IRA).pdf | 852.24 kB | Adobe PDF | View/Open |
Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.