A Global Analysis of the Macroeconomic Effects of Climate Change release_tjuolbiphre7pnkghld64t5aue

by IDRIS ADEDIRAN, Kazeem Isah, Ahamuefula Ogbonna, Sheriff Badmus

Published in Asian Economics Letters by Asia-Pacific Applied Economics Association.

2023   Issue Early View


We offer global evidence on the macroeconomic effects of climate change for a panel of 22 countries classified by economic groupings. We show that: globally, climate change is inflationary; the negative impacts of climate change on the exchange rate markets is only evident in emerging economies; stock markets could hedge natural climate risks but fail to hedge climate risks due to policy uncertainty.
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Date   2023-01-31
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