climate-related physical risks with a global Input-Output model. More specifically, climate-related GDP-at-risk data are used …-sectors around the world becomes observable. The findings suggest that direct GDP loss estimates can severely underestimate the … ultimate impact of physical risk because trade can lead to losses that are up to 30 times higher in the EA than what looking at …

; (iii) a novel set of climate-specific models to capture the direct and indirect transmission channels of climate risk …

temperature leads to a 12% decline in world GDP. Global temperature shocks correlate much more strongly with extreme climatic …

economies in 35 sectors from 1995 to 2009 based on the World Input-Output Database (WIOD) database and show how they help us to …

financial markets. The climate related risk is divided into three subcategories, the environmental uncertainty, the economic … climate risk and the climate policy risk, which all of them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state …-dependent Arrow-Debreu securities. We show that this allows equalizing relative consumption differences between states of the world … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …