Growth at risk from climate change.

How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. I examine whether climate change may make severe contractions in economic activity more likely using quantile regressions linking growth to t...

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Publicado en:Economic Inquiry Vol. 62; no. 3; pp. 1134 - 1152
Autor principal: Kiley, Michael T.
Formato: Artículo
Publicado: Wiley-Blackwell Jul2024
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Growth at risk from climate change.
      aug:
        au: Kiley, Michael T.
        affil: Federal Reserve Board, Washington District of Columbia, , USA
      su:
        Climate change
        Recessions
        Economic activity
        Quantile regression
        Climate research
      sug:
        subj:
          Climate change
          Recessions
          Economic activity
          Quantile regression
          Climate research
      keyword:
        climate change
        GDP at risk
        risk management
        climate change
        GDP at risk
        risk management
      ab: How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. I examine whether climate change may make severe contractions in economic activity more likely using quantile regressions linking growth to temperature. The effects of temperature on downside risks to economic growth are large and robust across specifications. These results suggest the growth at risk from climate change is large—climate change may make economic contractions more likely and severe and thereby significantly impact economic and financial stability and welfare.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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