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This paper establishes the statistical relationship between world business cycle and global temperature cycle. To … evidence that the global mean temperature cycle has negatively affected the world business cycle in super El Nino periods …
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This paper examines the impact of climate shocks on 13 European economies analysing jointly business and financial cycles, in different phases and disentangling the effects for different sector channels. A Bayesian Panel Markov-switching framework is proposed to jointly estimate the impact of...
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