How Economic and Monetary Policy Uncertainty Affect Climate Policy Uncertainty in the United States?

Ahmet Tayfur Akcan

tayfurakcan@hotmail.com
Necmettin Erbakan University (Turkey)
https://orcid.org/0000-0001-8210-7327

Muhammad Shahbaz


Beijing Institute of Technology, School of Economics, Beijing (China)
https://orcid.org/0000-0003-2391-6997

Cuneyt Kılıç


Canakkale Onsekiz Mart University (Turkey)
https://orcid.org/0000-0003-0622-7145

Hasan Kazak


Gulf University for Science and Technology (Turkey)
https://orcid.org/0000-0003-0699-5371

Abstract

Policy uncertainties can directly affect the outcomes of policies to be implemented and other related policies. Therefore, it is important to reduce policy uncertainties. Identifying policy uncertainties and related factors is important in this regard. This study examines the impact of economic and monetary policy uncertainty on climate policy uncertainty in the United States. The relationship between the variables is examined asymmetrically using monthly data for 1988-2022. First, the Augmented Dickey-Fuller Unit Root Test and the Fractional Frequency Fourier Augmented Dickey-Fuller Unit Root Test are applied. The Asymmetric Wavelet Transform Coherence Test is also used to determine the direction and frequency of the relationship between the variables. Asymmetric time-varying causality analysis was used for the causality dimension. The significant relationship between economic policy uncertainty, monetary policy uncertainty and climate policy uncertainty varies at different time periods.


Keywords:

sustainable development, policy uncertainties, asymmetric tests

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Published
2025-01-10

Cited by

Akcan, A. T., Shahbaz, M., Kılıç, C., & Kazak, H. (2025). How Economic and Monetary Policy Uncertainty Affect Climate Policy Uncertainty in the United States?. Problemy Ekorozwoju, 20(1), 190–207. https://doi.org/10.35784/preko.6635

Authors

Ahmet Tayfur Akcan 
tayfurakcan@hotmail.com
Necmettin Erbakan University Turkey
https://orcid.org/0000-0001-8210-7327

Authors

Muhammad Shahbaz 

Beijing Institute of Technology, School of Economics, Beijing China
https://orcid.org/0000-0003-2391-6997

Authors

Cuneyt Kılıç 

Canakkale Onsekiz Mart University Turkey
https://orcid.org/0000-0003-0622-7145

Authors

Hasan Kazak 

Gulf University for Science and Technology Turkey
https://orcid.org/0000-0003-0699-5371

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