Research

Publications: 

[1] A news-based climate policy uncertainty index for China,

with Yan-Ran Ma, Dandan Ma, Pengxiang Zhai, Kun Guo, Dayong Zhang, and Qiang Ji, Scientific Data, 2023, 10, 881. (SCI, ESI Hot and Highly Cited Paper)

• Data available for download at the website. (2000.01–2025.02)

[2] The asymmetric effects of climate risk on higher-moment connectedness among carbon, energy and metals markets,

with Yuqin Zhou, Shan Wu, and Lavinia Rognone, Nature Communications, 2023, 14, 7157. (SCI)

[3]A functional mixture prediction model for dynamically forecasting cumulative intraday returns of crude oil futures,

with Deqing Wang, Zhihao Lu, Shoucong Xue, Mengxia Guo, Yiwen Hou, International Journal of Forecasting, 2025, forthcoming. (SSCI, ABS 3*, ABDC-A)

[4] Geopolitical risk and vulnerability of energy markets,

with Yushu Wang, Xinting Yuan, Zhihua Ding, Qiang Ji, Energy Economics, 2025, 141, 108055. (SSCI, ABS 3*, ABDC-A*)

[5] Climate risks and the connectedness between clean and dirty energy markets,

with Jingyan Huang,  Kun Guo, Finance Research Letters, 2025, 74, 106799. (SSCI, ABS 2*, ABDC-A)

[6] Coal price shocks, investor sentiment, and stock market returns,

with Shumin Chen, Hongyu Zhong, and Zhihua Ding, Energy Economics, 2024, 135, 107619. (SSCI, ABS 3*, ABDC-A*)

[7] Measuring crisis from climate risk spillovers in European electricity markets,

with Wanli Zhao, Xiangyang Zhai, and Qiang Ji, Energy Economics, 2024, 134, 107586. (SSCI, ABS 3*, ABDC-A*)

[8] Carbon price signal failure and regulatory policies: A systematic review, 

with Xing Zhou, Siqing Xing, Yi Jin, and Ming Zhang, Environmental Impact Assessment Review, 2024, 105, 107444. (SSCI)

[9] Asymmetric and time-frequency volatility connectedness between China and international crude oil markets with portfolio implications,

with Qiang Ji, Pengxiang Zhai, and Zhihua Ding, Research in International Business and Finance, 2023, 66, 102039. (SSCI, ABS 2*, ABDC-B)

[10] Time-varying impacts of oil price shocks on China’s stock market under economic policy uncertainty,

with Tingting Zhu, Zhaoping Duan, Shanqi Xuan, Zhihua Ding, and Shan Wu, Applied Economics, 2023, 55(9), 963-989. (SSCI, ABS 2*, ABDC-A)

[11] When are the effects of economic policy uncertainty on oil–stock correlations larger? Evidence from a regime-switching analysis,

with Huiying Zhang, Zhihua Ding, Tao Lv, Xu Wang, and Deqing Wang, Economic Modelling, 2022, 114, 105941. (SSCI, ABS 2*, ABDC-A)

[12] Does economic policy uncertainty drive volatility spillovers in electricity markets: Time and frequency evidence,

with Rufei Ma, and Pengxiang Zhai, Energy Economics, 2022, 107, 105848. (SSCI, ABS 3*, ABDC-A*)

[13]  Extreme spillovers among fossil energy, clean energy, and metals markets: Evidence from a quantile-based analysis,

with Jinyu Chen, Zhipeng Liang, and Qian Ding, Energy Economics, 2022, 107, 105880. (SSCI, ABS 3*, ABDC-A*) (ESI Highly Cited Paper)

[14]  Quantile connectedness between energy, metal, and carbon markets,

with Jinyu Chen, Zhipeng Liang, and Qian Ding, International Review of Financial Analysis, 2022, 83, 102282. (SSCI, ABS 3*, ABDC-A)

[15] The global economic policy uncertainty spillover analysis: In the background of COVID-19 pandemic, 

with Yuqin Zhou, and Shan Wu, Research in International Business and Finance, 2022, 61, 101666. (SSCI, ABS 2*, ABDC-B)

[16] Tail risk connectedness in the oil-stock nexus: Evidence from a novel quantile spillover approach,

with Xunpeng Shi, Pengxiang Zhai, Shan Wu, Zhihua Ding, and Yuqin Zhou, Resources Policy, 2021, 74, 102381. (SSCI, ABS 2*, ABDC-B)

[17] Economic policy uncertainty and foreign holdings of US treasuries: The global evidence, 

with Shan Wu, Yuqin Zhou, and Mu Tong, The Singapore Economic Review, 2021, 1-18. (SSCI)

[18] Implied volatility relationships between crude oil and the US stock markets: Dynamic correlation and spillover effects,

with Hui-Kuan Tseng, Jy S. Wu, Zhihua Ding, Resources Policy, 2020, 66, 101637. (SSCI, ABS 2*, ABDC-B)

[19] Financial factors affecting oil price change and oil-stock interactions: a review and future perspectives,

with Zhihua Ding, Tao Lv, Jy S. Wu, and Wei Qiang, Natural Hazards, 2019, 95(1), 207-225. (SCI)

[20] Factors affecting low-carbon consumption behavior of urban residents: A comprehensive review, 

with Zhihua Ding, Xin Jiang, Ruyin Long, Zinan Xu, and Qingren Cao, Resources, Conservation and Recycling, 2018, 132, 3-15. (SCI)

[21] Research on differences of spillover effects between international crude oil price and stock markets in China and America, 

with Zhihua Ding, Rui Li, Xin Jiang, Jy S. Wu, Tao Lv, Natural Hazards, 2017, 88(1), 575-590. (SCI)

[22] The contagion effect of international crude oil price fluctuations on Chinese stock market investor sentiment,

with Zhihua Ding, Zhenhua Liu, Yue-Jun Zhang, and Ruyin Long, Applied Energy, 2017, 187, 27-36. (SCI)

[23] Research on differences in the factors influencing the energy-saving behavior of urban and rural residents in China–A case study of Jiangsu Province,

with Zhihua Ding, Guangqiang Wang, and Ruyin Long, Energy Policy, 2017, 100, 252-259. (SSCI, ABS 2*, ABDC-A)