A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial … resolution from 1979 to 2019 and construct 164 weather variables and their lags. We select a parsimonious subset of relevant …

research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this … question, the impact of weather shocks on real per capita GDP growth is quantified under the two alternative exchange rate … regimes. We find that although weather shocks are generally detrimental to per capita income growth, the impact is less severe …

Local weather shocks have been shown to affect local economic output, however, little is known about their propagation … weather fluctuations and extreme weather events on sectoral economic production and the transmission of weather shocks across …