With the increasing frequency and intensity of extreme weather events due to climate change, assessing the potential …-off extreme weather event can have persistent effects on household-level asset growth. Our focus is on the effect of a once-in-50 …-year winter disaster on post-shock livestock accumulation among pastoralists in Mongolia. Building on a unique household …

I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I … test it on a sample of 160 countries over the period 1950-2014. Temperature and rainfall determine production possibilities …