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Estimating the Effect of Easements on Agricultural Production

Karwowski, Nicole - National Bureau of Economic Research - 2022

a regression model with two-way fixed effects to quantify how easement land share impacts yields, risk, as well as acres …

Persistent link: https://www.econbiz.de/10013334375

Center Pivot Irrigation Systems as a Form of Drought Risk Mitigation in Humid Regions

Cooley, Daniel J.; Smith, Steven M. - National Bureau of Economic Research - 2022

Irrigation in the Eastern US receives little attention compared to the West, but farmers in humid states of the US, traditionally reliant on rainfall, have more than tripled irrigation since 1978. We examine this trend in Illinois where there has been a nearly threefold increase in center pivot...

Persistent link: https://www.econbiz.de/10013210121

Adaptation to Environmental Change : Agriculture and the Unexpected Incidence of the Acid Rain Program

Sanders, Nicholas J.; Barreca, Alan I. - National Bureau of Economic Research - 2021

The Acid Rain Program (ARP) cut sulfur dioxide (SO2) emissions from power plants in the United States, with considerable benefits. We show this also reduced ambient sulfate levels, which lowered agriculture productivity through decreased soil sulfur. Using plant-level SO2 emissions and an...

Persistent link: https://www.econbiz.de/10012496145

Weather, Climate, and Technology Adoption : An Application to Drought-Tolerant Corn in the United States

McFadden, Jonathan R.; Smith, David; Wallander, Steven - National Bureau of Economic Research - 2022

Crop farmers have few short-run options for reducing downside production risk from changes in drought frequency and … how recent drought exposure, drought risk, and other climatic features have influenced adoption of DT corn--a water … drought risk and exposure. Using a representative sample of U.S. farmers' fields, we implement a novel econometric method …

Persistent link: https://www.econbiz.de/10013334340

Cover Crops, Drought, Yield and Risk : an Analysis of U.S. Soybean Production

Dong, Fengxia - National Bureau of Economic Research - 2022

on soybean yield and its risk using USDA's 2018 ARMS Phase II Soybean Production Practices and Costs Report and Phase III … yield and its risk are mixed. Under a drought condition, cover crops reduced soybean yield and increased yield variation …; but in the meantime, they reduced the risk of crop failure, or made yield less negatively skewed. The insignificant effect …

Persistent link: https://www.econbiz.de/10013334341

Policymakers' Uncertainty

Cieślak, Anna; Hansen, Stephen; McMahon, Michael; … - National Bureau of Economic Research - 2023

Uncertainty is a ubiquitous concern emphasized by policymakers. We study how uncertainty affects decision-making by the Federal Open Market Committee (FOMC). We distinguish between the notion of Fed-managed uncertainty vis-a-vis uncertainty that emanates from within the economy and which the Fed...

Persistent link: https://www.econbiz.de/10014436980

State-Level Economic Policy Uncertainty

Baker, Scott; Davis, Steven J.; Levy, Jeffrey A. - National Bureau of Economic Research - 2022

We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (EPU-S), one that captures national and international...

Persistent link: https://www.econbiz.de/10012938683

Time Use and Macroeconomic Uncertainty

Cacciatore, Matteo; Hauser, Daniela; Gnocchi, Stefano - National Bureau of Economic Research - 2023

We study the effects of uncertainty on time use and their macroeconomic implications. Employing data from the American Time Use Survey and the Bureau of Labor Statistics, we document that heightened uncertainty increases housework and reduces market work hours, mildly impacting leisure. We then...

Persistent link: https://www.econbiz.de/10014447275

Time-Varying Risk Premia, Labor Market Dynamics, and Income Risk

Meeuwis, Maarten; Papanikolaou, Dimitris; Rothbaum, … - National Bureau of Economic Research - 2023

We show that time variation in risk premia leads to time-varying idiosyncratic income risk for workers. Using US … administrative data on worker earnings, we show that increases in risk premia lead to lower earnings for low-wage workers; these … endogenous time-varying income risk in response to changes in risk premia and matches several stylized features of the data …

Persistent link: https://www.econbiz.de/10014447289

Sea Level Rise Exposure and Municipal Bond Yields

Goldsmith-Pinkham, Paul; Gustafson, Matthew; Lewis, Ryan; … - National Bureau of Economic Research - 2022

Municipal bond markets begin pricing sea level rise (SLR) exposure risk in 2013, coinciding with upward revisions to …-maturity bonds and is not solely driven by near-term flood risk. We use a structural model of credit risk to quantify the implied …

Persistent link: https://www.econbiz.de/10013462708