Search Results

SORT BY: PREVIOUS / NEXT
Author:Hoffman, Bridget 

Working Paper
Temperature and Growth: A Panel Analysis of the United States

We document that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide cross-section of economic sectors. This effect is particularly strong for the summer: a 1 degree F increase in the average summer temperature is associated with a reduction in the annual growth rate of state-level output of 0.15 to 0.25 percentage points. We combine our estimates with projected increases in seasonal temperatures and find that rising temperatures could reduce U.S. economic growth by up to one-third over the next century.
Working Paper , Paper 18-9

Briefing
The Impact of Higher Temperatures on Economic Growth

What happens to the economy when it gets hot outside? Despite long-standing assumptions that economic damage from rising global temperatures would be limited to the agricultural sector or developing economies, this Economic Brief presents evidence that higher summer temperatures hurt a variety of business sectors in the United States
Richmond Fed Economic Brief , Issue August

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

Briefing 1 items

Working Paper 1 items

FILTER BY Author

FILTER BY Jel Classification

O44 1 items

Q51 1 items

Q59 1 items

R11 1 items

FILTER BY Keywords

PREVIOUS / NEXT