Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:52:53am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Climate Damages Impact Location: B128 Session Chair: Edouard Civel, EDHEC Business School and Climate Economics Chair | |
    | |
Climate and Macroeconomic Volatility 1: Banco Central do Brasil; 2: De Nederlandsche Bank; 3: Queen Mary University of London This paper examines how temperature shocks influence both the level and volatility of key macroeconomic variables across a broad panel of countries. We develop a novel global-to-local identification strategy that uses exogenous variation from the El Nino-Southern Oscillation (ENSO) to isolate temperature anomalies at the country level. Our results show that a 1°C rise in temperature anomalies leads to persistent inflationary pressures and a decline in economic activity, with effects particularly pronounced in developing economies – where inflation can increase by up to 1.2%. Incorporating a stochastic volatility-in-mean framework, we find that these shocks also elevate macroeconomic uncertainty by raising the volatility of GDP growth and consumer price inflation. Together, these findings highlight the importance of modeling climate shocks not only through their direct effects on prices and output, but also through their second-moment consequences, which may warrant policy attention. | |