We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich …

research agenda, as the identification of exogenous weather shocks is still an open issue. Using daily county-level data since …

temperature shock has a sizable, negative and statistically significant impact on TFP, output, and labor productivity. We … response to a temperature shock, consistent with the novel evidence in the data. Such adverse effects are long-lasting. Over a … 50-year horizon, a one-standard deviation temperature shock lowers both cumulative output and labor productivity growth …

major Medicare reform created a derived demand shock to equipment manufacturers. Using a difference … conceptualizing firms’ pre-shock vertical scope as a representation of existing resources and governance choices, we explain that …

The question of how climate change and weather fluctuations affect the economy is high on the economic research agenda …