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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 … fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …
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weather shocks …
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inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather …
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Past studies on the relationship between electricity consumption and temperature have primarily focused on individual countries. Many regions are understudied as a result of data constraint. This paper studies the relationship on a global scale, overcoming the data constraint by using grid-level...
Persistent link: https://www.econbiz.de/10012517931
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 …
Persistent link: https://www.econbiz.de/10012103566
Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in 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...
Persistent link: https://www.econbiz.de/10011866510