NEW WORKING PAPER with Asjad Naqvi: Temperature shocks transmit unevenly across consumer prices, with adjustment extending into services and unfolding over several months. This paper combines gridded ERA5-Land…
In joint work with Marco Gallegati, William Ginn, Solomos Solomou, and Kun Tian—Climate Shocks in Global Oil Markets: Time-Varying ENSO Transmission to WTI Spot and Futures Prices—we study…
NEW WORKING PAPER: In this paper, we examine how the European Central Bank (ECB) and the US Federal Reserve (Fed) respond to climate-related shocks and whether the green…
Before diving in this blog, I recommend you to read that previous blog below: Quite frequently, we have to estimate state-dependent local projection (SLP) in applied economics. Recent…
I regularly contribute to EconMacro in the field of international macroeconomic shocks that are transmitted via geopolitics, energy markets, exchange rates, and sustainable development. The relevant Reuters story…
NEW PUBLICATION: Using data from around 100 countries between 1995 and 2019, we examine the impact of climate vulnerability on fiscal risk. We also explore the transmission channels…
Recently, new research published in the Journal of International Economics shows that the Nickell bias affect panel local projections even when the lagged term for the dependent variable…
In this blog, I update a previous blog of mine using an orthogonalized version of the religious tension variable coming from the international country risk guide (ICRG). Orthogonalization…
During the 27th INFER conference, I had the chance to present a recent paper on the impact of climate vulnerability on fiscal risks. In this paper, we show…
I am delighted to announce that I will be in Montpellier in two weeks for the 30th IDPC. This International Conference is organized by the Université de Montpellier. The…
In our recent update working paper, Impact of Climate Vulnerability on Fiscal Risk: Do Political Stability and Financial Development Matter?, written with John Beirne, Donghyun Park, and Gazi…
In a previous blog, I have shown how to estimate Panel VAR with the new command xtvar introduced in StataNow. This time, I will use the EM-DAT database…
J’ai le plaisir de vous annoncer ma seconde note de blog sur le site l’AFSE concernant l’impact des risques climatiques sur l’espace budgétaire. Dans laquelle, nous tentons de…
In a series of previous blogs on the impact of climate risks on the fiscal space, I present some features of our ADB working paper written with John…
In a few days, Alfonso Ugarte from BBVA will release an updated version of his package LOCPROJ. In this new version, the LPGRAPH command has been greatly improved…
In a previous blog, I covered the estimation of state-dependent local projection using LOCPROJ. The impact of random shocks of change in vulnerability affects positively the sovereign bond…
In this blog, I will show how to estimate Panel VAR with the new command xtvar introduced in StataNow. The dataset comes from a paper of mine on…
During the next week, I will present my paper on the Impact of Climate Risk on Fiscal Space during the Second edition of the International Conference on the…
In the last version of my working paper on the impact of climate risk on fiscal space, we use Joyplots to visualize the distribution of the ND-GAINS vulnerability…
A few days ago, I read the Country Risk Annual Report made by BBVA research and Alfonso Ugarte and David Sarasa Flores, in particular. On the slide 26,…
Tomorrow, Friday 29 November, I will be very pleased to chair the “Climate-related risks” session during the 14th JT of the French Association of Environmental and Resources Economists: https://jt-faere-epr24.sciencesconf.org/.…
Allow me to share my second ADB blog written by John Beirne, Donghyun Park and Gazi Salah Uddin. Based on our recent joint ADB Economics working paper: Climate…
Allow me to share that I published my second working paper for the Asian Development Bank: Impact of Climate Risk on Fiscal Space: Do Political Stability and Financial…
Very honored to contribute my fourth guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. The recent literature establishes that climate risk reduces the fiscal space,…
In our new working paper, written with John Beirne, Donghyun Park, and Gazi Salah Uddin, we find that political stability together with financial development matter for the negative…
NEW WORKING PAPER: We analyze the relationship between climate risk and fiscal space in a more systematic and rigorous way. To do so, we use panel local projections…
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