Alessandri, Piergiorgio; Mumtaz, Haroon - 2021
show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate …We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …
