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The effects of natural disasters and weather variations on international trade : a review of the empirical literature
Osberghaus, Daniel - 2019
This review summarizes the empirical literature on the effects of natural disasters and weather variations on international trade flows. A first result is that the body of literature is actually not as small as previously suggested. In total, I summarize 19 studies of 18 independent research...
Persistent link: https://www.econbiz.de/10011960760
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The impact of natural disasters on banks' impairment flow : evidence from Germany
Shala, Iliriana; Schumacher, Benno - 2022
Climate change causes natural disasters to occur at higher frequency and increased severity. Using a unique dataset on German banks, this paper explores how regionally less diversified banks in Germany adjusted their loan loss provisioning following the severe summer flood of 2013, which...
Persistent link: https://www.econbiz.de/10013370513
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Assessing the uncertainty in central banks' inflation outlooks
Knüppel, Malte; Schultefrankenfeld, Guido - 2019
Recent research has found that macroeconomic survey forecasts of uncertainty exhibit several deficiencies, such as … horizon-dependent biases and lower accuracy than simple unconditional uncertainty forecasts. We examine the inflation … uncertainty forecasts from the Bank of England, the Banco Central do Brasil, the Magyar Nemzeti Bank and the Sveriges Riksbank to …
Persistent link: https://www.econbiz.de/10011962843
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Shocks to transition risk
Meinerding, Christoph; Schüler, Yves; Zhang, Philipp - 2023 - December 7, 2022
definition and measurement. Our shocks are instances where significant new information about the economic relevance of climate …
Persistent link: https://www.econbiz.de/10014227599
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Inflation expectations and climate concern
Meinerding, Christoph; Poinelli, Andrea; Schüler, Yves - 2022
Using survey data from German households, we find that individuals with lower climate concern tend to have higher inflation expectations up to five years ahead. This correlation is most pronounced among individuals with extremely high inflation expectations. Evaluating candidate explanations, we...
Persistent link: https://www.econbiz.de/10013171786
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Prices versus quantities : the impact of fracking on the choice of climate policy instruments in the presence of OPEC
Nachtigall, Daniel - 2017
This paper analyzes the impact of declining extraction costs of shale oil producers on the choice of the policy instrument of a climate coalition in the presence of a monopolistic oil supplier such as OPEC. Shale oil producers' extraction costs represent an upper bound for the oil price OPEC can...
Persistent link: https://www.econbiz.de/10011625605
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Climate finance and emission reductions : what do the last twenty years tell us?
Gavard, Claire; Schoch, Niklas - 2021 - This version: 29 January 2021
In the framework of the Paris Agreement implementation, financial transfers remain a major point of negotiation for addressing equity concerns raised by the ambitious climate objectives. In complement to the theoretical, experimental and numerical studies that have examined the role of transfers...
Persistent link: https://www.econbiz.de/10012431927
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Capital reallocation under climate policy uncertainty
Khalil, Makram; Strobel, Felix - 2023
In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real...
Persistent link: https://www.econbiz.de/10014330990
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International attitudes toward global policies
Fabre, Adrien; Douenne, Thomas; Mattauch, Linus - 2023
We document majority support for policies entailing global redistribution and climate mitigation. Recent surveys on 40,680 respondents in 20 countries covering 72% of global carbon emissions show strong support for an effective and progressive way to combat climate change and poverty: a global...
Persistent link: https://www.econbiz.de/10014296930
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The political economy of stranded assets : climate policies, investments and the role of elections
Hagen, Achim; Kollenbach, Gilbert - 2024
We study the interaction of climate policies and investments into fossil and renewable energy generation capacity if policies are set by democratically elected governments and can lead to stranded assets. We develop an overlapping generations model, where elections determine carbon taxation and...
Persistent link: https://www.econbiz.de/10014486660