The frequency and intensity of extreme weather events are likely to increase as climate change unravels. Although there is a large literature documenting detrimental effects on economic activity, there is a lack of evidence on firms' responses to temperature extremes, particularly how their...

There is no clear theoretical prediction about whether a positive income shock stemming from higher remittances should complement or substitute for credit. Accordingly, existing studies in the empirical literature have found opposing results. This paper reconciles these seemingly contradictory...

We use individual-level data to estimate the effects of long- and short-term exposure to air pollution (PM2.5) on the probability of dying from COVID-19. To the best of our knowledge, our study is the first to look at this relationship using individual-level data. We find that for Mexico City...

In Mexico, voluntary environmental incentive programs such as the Clean Industry certificates are hugely complementary to the traditional command-and-control regulations. Due to the limited resources of the regulatory agency, enrollment in voluntary programs offers the incentive of public...