A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … temperature and precipitation. However, averages may not reveal the effects of extreme events that occur at a higher time … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial …

A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … temperature and precipitation. However, averages may not reveal the effects of extreme events that occur at a higher time … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial …

We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich …, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A … month with an average temperature above 30 °C implies export losses of around three percent. These effects are increasing in …