Climate-Change

Published Quarterly Journal of Economics Online 19 Feb 2026 Published Apr 2026

The Macroeconomic Impact of Climate Change: Global Versus Local Temperature

Adrien Bilal · Diego R. Känzig

The paper shows that the macroeconomic impact of climate change is an order of magnitude larger than what standard country-level panel estimates suggest. The key identification innovation is to …

Climate Change Macroeconomic Impact Economic Growth Free Read ↗

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