Fig. 2: Dynamic net volatility directional spillovers. | Nature Communications

Fig. 2: Dynamic net volatility directional spillovers.

From: The asymmetric effects of climate risk on higher-moment connectedness among carbon, energy and metals markets

Fig. 2: Dynamic net volatility directional spillovers.The alternative text for this image may have been generated using AI.

The plots are drawn by the monthly mean of dynamic net directional spillovers. The black horizontal line represents y = 0. “Net directional spillovers” is the aggregate net volatility directional spillovers of the DY model. “Short-term” and “Long-term” is the net volatility directional spillover in the short and long-term horizons of BK model, respectively. The top panels represent each market.

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