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In this paper, we investigate the effect of weather shocks on the price of two crops of great importance in Mexican … period. We also show that one of the mechanisms explaining the effect of weather shocks on the price of these crops is their …
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combine with high resolution weather data of the producing states. For every city, we construct a relevant temperature measure …
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We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI Phillips curves across countries for 34 OECD member and candidate economies from 1985 to 2010 augmented with climate variables. We allow for nonlinear effects of precipitation...
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The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
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inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather …
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