Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear …

temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most … low-income countries. In these countries, a rise in temperature lowers per capita output, in both the short and medium …, model simulations suggest the projected rise in temperature would imply a loss of around 9 percent of output for a …

research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this … question, the impact of weather shocks on real per capita GDP growth is quantified under the two alternative exchange rate … regimes. We find that although weather shocks are generally detrimental to per capita income growth, the impact is less severe …

temperature and precipitation. However, averages may not reveal the effects of extreme events that occur at a higher time … variables is much higher than what was previously implied by using annual temperature and precipitation averages. We also find …A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of …

where labor productivity is affected by country-specific climate variables-defined as deviations of temperature and … precipitation from their historical norms. Using a panel data set of 174 countries over the years 1960 to 2014, we find that per …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but …