I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I … variability. The climate effect is larger that the weather effect. …

The effects of extreme weather events, such as heat waves and droughts are taken into account in both global and … extreme weather events, in particular, droughts and high temperatures, for the German power sector. Furthermore, we consider … droughts. We stress that increasing frequencies of such extreme weather events will aggravate the observed problem, especially …

We estimate the short-run effects of severe weather shocks on local economic activity and assess cross …-border spillovers operating through economic linkages between U.S. states. We measure weather shocks using a detailed county … weather shocks hitting individual regions. We also show that (i) taking into account economic interconnections between states …

significant. Although weather panel studies find high temperature events lead to large annual damage, high temperature events have …

common specification, and common estimation methods, we argue that the contradictory findings can be explained by the fact …

The economic implications of adaptation to climate change are crucial for the design of a distinctive adaptation policy … climate adaptation policy. First, the justified interventions of the public authorities are identified from the economic …

Climate change adaptation in Germany is performed on several policy levels. Based on the economic theory of adaptation …

In this paper we price a precipitation option based on empirical weather data from Germanyusing different pricing … that a considerable risk remainswith producers who are located remotely from the weather station. Another finding isthat … weather derivatives. …