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 …

to 2015 and information on extreme weather events to construct an index measuring the intensity of shocks in the supply … disruptions on a sector's export performance. Our results suggest that a one standard deviation increase in our supply chain shock … propagation of extreme weather shocks is important to design more resilient supply chains in future. …

While there is a growing literature on the impact of climate and weather-related events on migration, little is known … investigate the mitigating impact of an agricultural cashtransfer program (PROCAMPO) and a disaster fund (Fonden) on the migration … response to weather shocks. We find that Fonden decreases migration in response to heavy rainfall, hurricanes and droughts …