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The Economic Origins of Conflict in Africa
McGuirk, Eoin - 2017
We study the impact of plausibly exogenous global food price shocks on local violence across the African continent. In food-producing areas, higher food prices reduce conflict over the control of territory (what we call "factor conflict") and increase conflict over the appropriation of surplus...
Persistent link: https://www.econbiz.de/10012965423
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Corn Production Shocks in 2012 and Beyond : Implications for Food Price Volatility
Berry, Steven - 2012
Corn prices increased sharply in the summer of 2012 due to expected production shortfalls in the United States, which produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical models of county-level corn yields in the Eastern...
Persistent link: https://www.econbiz.de/10013096014
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The Supply-Shock Explanation of the Great Stagflation Revisited
Blinder, Alan S. - 2008
well-known quot;supply-shockquot; explanation attributes both spikes to large food and energy shocks plus, in the case of … monetary policy and (b) pointed to the far smaller impacts of more recent oil shocks as evidence against the supply-shock … theories, and new econometric studies that have accumulated over the past quarter century. We find that the classic supply-shock …
Persistent link: https://www.econbiz.de/10012768132
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Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families
Bhattacharya, Jay; DeLeire, Thomas; Haider, Steven J.; … - 2021
We examine the effects of cold weather periods on family budgets and on nutritional outcomes in poor American families. Expenditures on food and home fuels are tracked by linking the Consumer Expenditure Survey to temperature data. Using the Third National Health and Nutrition Examination...
Persistent link: https://www.econbiz.de/10013216842
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Estimating the Impact of Climate Change on Crop Yields : The Importance of Nonlinear Temperature Effects
Schlenker, Wolfram - 2013
The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...
Persistent link: https://www.econbiz.de/10012753692
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Structural Uncertainty and the Value of Statistical Life in the Economics of Catastrophic Climate Change
Weitzman, Martin - 2007
Using climate change as a prototype motivating example, this paper analyzes the implications of structural uncertainty for the economics of low-probability high-impact catastrophes. The paper shows that having an uncertain multiplicative parameter, which scales or amplifies exogenous shocks and...
Persistent link: https://www.econbiz.de/10012775805
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Investor Rewards to Climate Responsibility : Evidence from the 2016 Climate Policy Shock
Ramelli, Stefano - 2018
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012907137
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Climate Shocks and Exports
Jones, Benjamin F. - 2010
This paper uses international trade data to examine the effects of climate shocks on economic activity. We examine panel models relating the annual growth rate of a country's exports in a particular product category to the country's weather in that year. We find that a poor country being 1...
Persistent link: https://www.econbiz.de/10013148370
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Climate Shocks, Cyclones, and Economic Growth : Bridging the Micro-Macro Gap
Bakkensen, Laura - 2018
Empirical analyses of climatic event impacts on growth, while critical for policy, have been slow to be incorporated into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for tropical cyclones. First, we review competing empirical...
Persistent link: https://www.econbiz.de/10012912546
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World Food Prices and Monetary Policy
Catão, Luis A. V. - 2010
In recent years, large fluctuations in world food prices have renewed interest in the question of how monetary policy in small open economies should react to imported price shocks. We address this issue in an open economy setting similar to previous ones except that food plays a distinctive role...
Persistent link: https://www.econbiz.de/10013135409