While recurring and regular variations of weather conditions are implicitly addressed by standard seasonal adjustment … procedures of economic time series, extraordinary weather outcomes are not. We analyze their impact on German total industrial … and construction-sector production and find modest but significant effects. The estimated effects of weather deviations …

While recurring and regular variations of weather conditions are implicitly addressed by standard seasonal adjustment … procedures of economic time series, extraordinary weather outcomes are not. We propose a way of measuring aggregate abnormal … weather conditions based on available local measurements and a straightforward regression-based framework to analyze their …

factors (fossil fuel prices, economic activity, weather) affect the EUA price remained partially unresolved. Today, being … prices, economic activity, and weather variations. Fuel prices allow to test for fuel switching from coal to gas, the most … of gas, coal, and oil prices, of economic activity and of some weather variations. When including the relative price of …

, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between …

In periods of unusual weather, forecasters face a problem of interpreting economic data: Which part goes back to the … underlying economic trend and which part arises from a special weather effect? In this paper, we discuss ways to disentangle … weather-related from business cycle-related influences on economic indicators. We find a significant influence of weather …

, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between …