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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
Persistent link: https://www.econbiz.de/10011281172
minimum electricity consumption is around 14.6 degree C for the world and it is higher in urban and more industrial areas; and …
Persistent link: https://www.econbiz.de/10012517931
method that is shown to deal effectively with high-impact weather shocks calibrated in accordance to empirical evidence. We … find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster …
Persistent link: https://www.econbiz.de/10012112128
Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen ebbs and flows. This paper examines the shifts in this relationship using time series data over 1950-2014 and situates it in the current and longer term context. The...
Persistent link: https://www.econbiz.de/10011711761
Climate change poses an existential threat to the global economy. While there is a growing body of literature on the economic consequences of climate change, research on the link between climate change and sovereign default risk is nonexistent. We aim to fill this gap in the literature by...
Persistent link: https://www.econbiz.de/10012392493
Climate change is already a systemic risk to the global economy. While there is a large body of literature documenting potential economic consequences, there is scarce research on the link between climate change and sovereign risk. This paper therefore investigates the impact of climate change...
Persistent link: https://www.econbiz.de/10012251897
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear …
Persistent link: https://www.econbiz.de/10012486104
Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....
Persistent link: https://www.econbiz.de/10012392616
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The...
Persistent link: https://www.econbiz.de/10012103638