Weather-related natural disasters and climate change pose interrelated macro-fiscal challenges. Using panel … the dynamic adjustment path of growth and key fiscal variables after severe weather-related disasters. It does not only …

general equilibrium model reveal that good policies can help countries cope with negative weather shocks to some extent … global warming-could limit the adverse macroeconomic consequences of weather shocks in a long-lasting way …

A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial … resolution from 1979 to 2019 and construct 164 weather variables and their lags. We select a parsimonious subset of relevant …

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 …