ECIN Replication Package for "Growth at Risk From Climate Change"

How will climate change affect
risks to economic activity? Research on
climate impacts has tended to focus on effects on the average level of economic
growth. I examine whether climate change
may make severe contractions in economic activity more likely using quantile
regressions linking growth to temperature.
The effects of temperature on downside risks to economic growth are
large and robust across specifications.
These results suggest the growth at risk from climate change is large—climate
change may make economic contractions more likely and severe and thereby
significantly impact economic and financial stability and welfare.

<br><br><br>The
views expressed herein are those of the author, and do not reflect those of the
Federal Reserve Board or its staff. <br><br><br><br>