.@bankofengland Staff Working Paper No.706 ' #ClimateChange & the #Macroeconomy' by Sandra Batten - very nice review of the field. #GDP impacts will b felt both via gradual warming _&_ increase in severity+frequency of #ExtremeEvents - and both in level & growth rate pic.twitter.com/QMl07Bm3h6— Satyen Baindur (@Satyen_Baindur) January 29, 2018
...however, #ExtremeEvents #NaturalCatastrophes #Hurricanes #Cyclones #Earthquakes #Floods etc #CompetingHypotheses for the GDP path: #CreativeDestruction #Recovery2Trend or #NoRecovery pic.twitter.com/QNxWwORg8U— Satyen Baindur (@Satyen_Baindur) January 29, 2018
The case of #HurricaneHarvey illustrates this point nearly perfectly! 'The @DallasFed has repeatedly reported surging or elevated auto sales in its district, after Hurricane Harvey-related floods ruined vehicles and homes.'https://t.co/qjvDxuPbJW— Satyen Baindur (@Satyen_Baindur) January 29, 2018
'while the economy of #PuertoRico, technically an overseas territory of the United States, shrank by 8%, in the wake of a devastating hurricane (#HurricaneMaria) which left much of the island without electricity.' via @EconomicsOne @NinjaEconomics @TheEconomist @ECONdailycharts pic.twitter.com/0RZtlU6GFL— Satyen Baindur (@Satyen_Baindur) January 30, 2018
