Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most … average treatment effects and strong spatial spillovers, particularly for weather shocks. Moreover, substantial heterogeneity …

In this paper, we exploit exogenous variation in navigability of the Rhine river to analyze the impact of weather … weather events for business cycle analysis and contributes to gauging the costs of extreme weather events in advanced … economies. Furthermore, we provide a specific example for an idiosyncratic supply shock to a small sector that amplifies to an …