OxTalks is Changing
Oxford Events, the new replacement for OxTalks, will launch on 16th March. From now until the launch of Oxford Events, new events cannot be published or edited on OxTalks while all existing records are migrated to the new platform. The existing OxTalks site will remain available to view during this period.
From 16th, Oxford Events will launch on a new website: events.ox.ac.uk, and event submissions will resume. You will need a Halo login to submit events. Full details are available on the Staff Gateway.
Narrative Entanglement: The Case of Climate Policy
Political economy models often assume that voter beliefs are consistent with available information. Recent work emphasizes instead the role played by narratives, subjective causal models that may be incorrectly specified. In this paper, we study the role of political narratives in the context of climate policy. We develop a theory of narrative entanglement, where policy dimensions—initially distinct—become strategically intertwined through narratives created by politicians to sway support. Shocks in one dimension can thus influence unrelated policy areas. We test this theory in the context of EU climate policy before versus after Russia’s invasion of Ukraine, which affected the economic costs of climate policy but not its ability to address climate change. Using a large language model to analyze speeches in the EU Parliament, we find that narratives are strongly entangled: Members of the European Parliament that emphasize the need to address climate change also emphasize economic benefits, while those denying climate change stress economic costs. After the energy price shock associated with the invasion of Ukraine by Russia, narratives shift not only in the economic dimension but also in the climate dimension, with speeches becoming less likely to imply that climate policy is necessary to combat climate change. This pattern holds at the individual politician level, with politicians from right-wing parties showing a more pronounced narrative change than those from the left.
Date:
16 June 2025, 11:30
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Skills Lab
Speaker:
Luis Garicano (London School of Economics)
Organising department:
Department of Economics
Part of:
Environment and Resource Economics Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Edward Valenzano
