Showing 1 - 10 of 1,484
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
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
This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and … overvaluation, excessive credit growth, and tighter financial conditions jointly forecast higher house-prices-at-risk up to three … years ahead. House-prices-at-risk help predict future growth at-risk and financial crises. We also investigate and propose …
Persistent link: https://www.econbiz.de/10012252738
This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong PPP hypothesis using data for the G7 countries. This method is robust in several important dimensions relative to previous methods, including the well-known issue of...
Persistent link: https://www.econbiz.de/10014401245
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10014411688
This paper explores three possible transmission channels for transition risk shocks to the financial system in Norway … discusses ways to advance the still evolving field of transition risk stress testing …
Persistent link: https://www.econbiz.de/10012392495
In this paper, we derive evidence on the integration of international stock markets from the cointegration properties of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six country stock price indices, including that of the United...
Persistent link: https://www.econbiz.de/10014395829
This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing … risk sharing, which is mainly about risks at business cycle frequency. Since our methodology focuses on identifying … cointegrating relationships while allowing for arbitrary short-run dynamics, we can obtain a consistent estimate of long-run risk …
Persistent link: https://www.econbiz.de/10014402821
weather shocks …
Persistent link: https://www.econbiz.de/10012009267
Persistent link: https://www.econbiz.de/10011281172