Breeden, Joseph L. - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-14
create templates to stress test for future events. Using the 2012 Midwestern US drought as an example, this work creates a … macroeconomic conditions by comparing drought-impacted agricultural counties with nearby urban counties. After measuring the net … macroeconomic impacts of the drought, this was used as an overlay with existing macroeconomic stress models to stress test a lender …