Cover IMF Working Papers
Buy Book in Print
A New Perspective on Temperature Shocks
Author:
Nooman Rebei
Search for other papers by Nooman Rebei in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2025: Issue 042
Language:
English
Publication Date:
21 Feb 2025
DOI:
https://doi.org/10.5089/9798229001205.001
ISBN:
9798229001205
ISSN:
1018-5941
Pages:
35
Keywords:
Climate change; Climate damages; Temporary and permanent shocks; Kalman filter; Bayesian estimation; climate change disturbance; climate projection data; transitory shock; temperature shock; definitions of weather; Natural disasters; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (5.9 MB) Download Epub
Prevailing research suggests that climate change disproportionately burdens emerging markets and developing economies with greater output losses compared to advanced economies, positing that colder regions are less impacted than their warmer counterparts. This study revisits the empirical relationship between temperature fluctuations and real growth, with a novel focus on differentiating between transitory versus permanent temperature shifts, aligning naturally with the definitions of weather and climate change, respectively. Our findings reveal that richer and colder economies exhibit better adaptation only in response to weather shocks, whereas the pattern reverses for climate change disturbances, challenging the conclusions of previous studies.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund