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ECIN Replication Package for "Growth at Risk From Climate Change"
Principal Investigator(s): View help for Principal Investigator(s) Michael Kiley, Board of Governors of the Federal Reserve System
Version: View help for Version V2
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Project Citation:
Kiley, Michael. ECIN Replication Package for “Growth at Risk From Climate Change.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-01-10. https://doi.org/10.3886/E194748V2
Project Description
Summary:
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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.
The views expressed herein are those of the author, and do not reflect those of the Federal Reserve Board or its staff.
The views expressed herein are those of the author, and do not reflect those of the Federal Reserve Board or its staff.
Scope of Project
Subject Terms:
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climate change;
risk management;
gdp at risk
JEL Classification:
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E23 Macroeconomics: Production
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Q54 Climate; Natural Disasters and Their Management; Global Warming
Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
E23 Macroeconomics: Production
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Q54 Climate; Natural Disasters and Their Management; Global Warming
Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
Manuscript Number:
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ECIN-Feb-2023-0066
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