Climate change: Macroeconomic impact and implications for monetary policy

S Batten, R Sowerbutts, M Tanaka - Ecological, societal, and technological …, 2020 - Springer
Climate change and policies to mitigate it could affect a central bank's ability to meet its
monetary stability objective. Climate change can affect the macroeconomy both through …

Integrated perspective on translating biophysical to economic impacts of climate change

F Piontek, L Drouet, J Emmerling, T Kompas… - Nature Climate …, 2021 - nature.com
Estimates of climate change's economic impacts vary widely, depending on the applied
methodology. This uncertainty is a barrier for policymakers seeking to quantify the benefits of …

Response and adaptation of agriculture to climate change: Evidence from China

S Chen, B Gong - Journal of Development Economics, 2021 - Elsevier
This article aims to identify the mechanism of how climate change affects agriculture through
various channels and the mechanism of longer-run adaptation. Using a county-panel …

Long-term macroeconomic effects of climate change: A cross-country analysis

ME Kahn, K Mohaddes, RNC Ng, MH Pesaran… - Energy Economics, 2021 - Elsevier
We study the long-term impact of climate change on economic activity across countries,
using a stochastic growth model where productivity is affected by deviations of temperature …

This changes everything: Climate shocks and sovereign bonds⁎

S Cevik, JT Jalles - Energy Economics, 2022 - Elsevier
Climate change is already a systemic risk to the global economy. While there is a large body
of literature documenting potential economic consequences, there is scarce research on the …

Eye of the storm: The impact of climate shocks on inflation and growth

S Cevik, J Jalles - Review of Economics, 2024 - degruyter.com
This paper examines the impact of climate-induced natural disasters on inflation and
economic growth using a large panel of countries from 1970 to 2020. Employing the local …

[HTML][HTML] A meta-analysis of the total economic impact of climate change

RSJ Tol - Energy Policy, 2024 - Elsevier
Earlier meta-analyses of the economic impact of climate change are updated with more
data, with three new results:(1) The central estimate of the economic impact of global …

How much will global warming cool global growth?

IB Nath, VA Ramey, PJ Klenow - 2024 - nber.org
Does a permanent rise in temperature decrease the level or growth rate of GDP in affected
countries? Differing answers to this question lead prominent estimates of climate damages …

Feeling the heat: extreme temperatures and price stability

D Faccia, M Parker, L Stracca - 2021 - papers.ssrn.com
We contribute to the debate surrounding central banks and climate change by investigating
how extreme temperatures affect medium-term inflation, the primary objective of monetary …

Climate risks and financial stability: Evidence from the European financial system

M Chabot, JL Bertrand - Journal of Financial Stability, 2023 - Elsevier
Climate-related risks have become a major concern for financial regulators and can pose a
significant threat to financial stability. In this paper, we first propose a theoretical framework …