I carry out a business cycle accounting exercise (Chari, Kehoe and McGrattan, 2007) on theU.S. data measured in wage units (Farmer (2010)) for the entire postwar period. In contrast toa conventional approach, this approach preserves common medium-term business cyclefluctuations in GDP, its...

During the last two decades, South Asia has faced extreme climate change events of heatwaves, floods, storms, droughts, and fires, affecting economies and millions of people. Meantime, the region has also experienced a notable change in economic growth, population aging, and unemployment rate....