A Global Analysis of the Macroeconomic Effects of Climate Change

Idris Adediran, Kazeem Isah, Ahamuefula Ogbonna and Sheriff K. Badmus ()
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Sheriff K. Badmus: Centre for Econometrics and Applied Research, Ibadan, Nigeria

Asian Economics Letters, 2023, vol. 4, issue 1, 1-6

Abstract: 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.

Keywords: Climate change; Macroeconomic effects; Global analysis (search for similar items in EconPapers)
JEL-codes: C33 F41 Q54 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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