{"paper":{"title":"Green Shields: The Role of ESG in Uncertain Time","license":"http://creativecommons.org/licenses/by/4.0/","headline":"","cross_cats":["q-fin.EC"],"primary_cat":"econ.GN","authors_text":"Dominykas Stasiulaitis, Fatih Kansoy","submitted_at":"2025-06-02T18:13:19Z","abstract_excerpt":"The rapid growth of sustainable investing, now exceeding 35 trillion USD globally, has transformed financial markets, yet the implications for monetary policy transmission remain underexplored. While existing literature documents heterogeneous firm responses to monetary policy through traditional channels such as size and leverage, it remains unknown whether environmental, social, and governance (ESG) characteristics create distinct transmission mechanisms. Using high-frequency identification around 160 Federal Reserve announcements from 2005 to 2025, we uncover an asymmetric pattern: high-ESG"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2506.02143","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2506.02143/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}