During 2001-07, increases in mature market volatility were associated with declines in forex returns for East Asian … increase in mature market equity volatility generated an exchange rate depreciation of up to ½ percent. This sensitivity rose …

This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility … markets are found to a¤ect both conditional returns and volatility, with the e¤ects on volatility being more pronounced and …

temperature and more frequent and extreme natural disasters-already substantial in Europe-are expected to increase further unless …

As climate change accelerates, the frequency and severity of extreme weather events are expected to worsen and have … investigates how weather anomalies affect global supply chains and inflation dynamics. Using monthly data for six large and well … implement a structural vector autoregressive model and document that weather anomalies could disrupt supply chains and …

Using quarterly temperature and employment data between 1990 and 2021, this paper uncovers nuanced evidence on the … impact of seasonal temperature within US counties: higher winter temperature increases private sector employment growth while … higher summer temperature decreases it. The impacts of higher temperature in mild seasons, fall and spring, are statistically …

Local weather shocks have been shown to affect local economic output, however, little is known about their propagation … weather fluctuations and extreme weather events on sectoral economic production and the transmission of weather shocks across … of temperature increases since 2000 …

A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … temperature and precipitation. However, averages may not reveal the effects of extreme events that occur at a higher time … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial …