A popular macroeconomic forecasting strategy takes combinations across many models to hedge against instabilities of unknown timing; see (among others) Stock and Watson (2004), Clark and McCracken (2010), and Jore et al. (2010). Existing studies of this forecasting strategy exclude Dynamic...

With record breaking heat waves, dryness, and floods in several parts of the world in recent years the question arises whether and to what extent the hazard of hydrometeorological extreme weather events has changed, and if changes can be attributed to specific causes. The methodology of...