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average treatment effects and strong spatial spillovers, particularly for weather shocks. Moreover, substantial heterogeneity …
Persistent link: https://www.econbiz.de/10011872945
Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national … emissions had changed the occurrence of specific extreme weather events, allows us to quantify the climate …-change-induced component of these costs. We use EEA to aggregate the global economic damage from extreme weather events that is attributable to …
Persistent link: https://www.econbiz.de/10013426527
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I … in both rich and poor countries; positively in cold countries and negatively in hot ones. Weather anomalies reduce …
Persistent link: https://www.econbiz.de/10012486667
Extreme weather induced migration is a growing concern for low and middle income countries due to the increased … variability in the weather and the increase in the number of extreme weather disasters associated with climate change. The … objective of this paper is to examine the inter-linkages between weather, disasters, and migration, in India. To examine the …
Persistent link: https://www.econbiz.de/10014467352
; natural disaster relief expenditure ; narrative approach ; structural vector-autoregressive model …
Persistent link: https://www.econbiz.de/10009630124
growth rate of consumption and the capital stock until a shock arrives, triggering a downward jump in both variables. Optimum …
Persistent link: https://www.econbiz.de/10010438060
A growing literature uses changes in residual volatility for identifying structural shocks in vector autoregressive (VAR) analysis. A number of different models for heteroskedasticity or conditional heteroskedasticity are proposed and used in applications in this context. This study reviews the...
Persistent link: https://www.econbiz.de/10010509631
We propose a new non-recursive identification scheme for uncertainty shocks, which exploits breaks in the unconditional volatility of macroeconomic variables. Such identification approach allows us to simultaneously address two major questions in the empirical literature on uncertainty: (i) Does...
Persistent link: https://www.econbiz.de/10011778668
We develop uncertainty indices for the United States and Australia based on freely accessible, real time Google Trends … to unemployment dynamics in Australia is found to be much milder and substantially lower than that of monetary policy …
Persistent link: https://www.econbiz.de/10011735982
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...
Persistent link: https://www.econbiz.de/10013337593