We propose a nonparametric framework for estimating the extremal index that captures the persistence of extreme observations. The framework provides unified and simple procedures for verifying the well-known local dependence condition D(ᵈ) (un), which characterizes the extremal index yet is...

Gender-based violence (GBV) remains a critical threat to women's safety and equality worldwide, yet the role of climate and environmental stressors in shaping violence against women remains underexplored, particularly in developed countries. This study identifies the causal impact of shortrun...

Gender-based violence (GBV) remains a critical threat to women's safety and equality worldwide, yet the role of climate and environmental stressors in shaping violence against women remains underexplored, particularly in developed countries. This study identifies the causal impact of short-run...

Higher temperatures can increase substance abuse and exacerbate its physiological effects on the human body, raising the risk of violent behavior. Using administrative crime records and daily temperatures in the United States between 1991 and 2023, we show that two public policies regulating...

Physical climate risks significantly influence banks' collateral practices. Drawing on comprehensive loan-level data from Sweden, we find that adverse weather events increase both the likelihood and the amount of collateral required for new loans. For existing loans, banks are less inclined to...

This paper examines the short-term macroeconomic and sectoral effects of extreme weather events in Germany, France, Italy, and Spain. We construct novel indicators of extreme temperature and precipitation based on percentile thresholds of long-run historical distributions and estimate their...

This study examines whether receiving anticipatory cash transfers during an extreme winter affects households’ demand for index-based livestock insurance. We exploit a randomized field experiment conducted during the 2020/21 winter disaster in western Mongolia and combine household panel...

Extreme heat is increasing in frequency and intensity, with disproportionate risks for clinically and socially vulnerable groups. This paper identifies the relationship between acute heat and mortality in Aotearoa New Zealand. To estimate same-day heat-mortality associations, we link...

This study systematically reviews the literature that quantifies the economic benefits of weather observations and forecasts in four weather-dependent economic sectors: agriculture, energy, transport, and disaster-risk management. The review covers 175 peer-reviewed journal articles and 15...

Climate change impacts are intensifying worldwide, with the harshest consequences borne by vulnerable developing countries that face high exposure and limited capacity to adapt. Although international agreements commit wealthy donor countries to provide adaptation finance, actual transfers...

In this paper, we provide evidence on the impact of global seasonal temperature shocks on global food commodity prices. Utilizing monthly data from 1961 to 2023, we find an economically and statistically highly significant, longer-lasting positive impact of summer temperature shocks on global...

Weather variability disrupts food grain production and agricultural sustainability. While existing literature highlights the stationary relationship between weather variables and agricultural outcomes, it often overlooks their bearing on land use changes. This study investigates the dynamic...

We examine how the macroeconomic effects of temperature shocks have evolved in the United States since 1947. Using a time-varying parameter vector autoregression with stochastic volatility estimated on monthly data, we document a structural shift in the propagation of temperature shocks. Before...