Journal Article

The Effect of Winter Weather on U.S. Economic Activity


Abstract: The authors? findings support the view that weather has a significant, but short-lived, effect on economic activity. Except for a few industries, which are affected importantly (such as utilities, construction, hospitality and to a lesser extent retail), the effect is not very big, so that even the fairly bad weather during the 2013?14 winter cannot account entirely for the weak economy during that period. Other factors must have been at play.

Keywords: economic;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2015

Issue: Q I