Fair Weather or Foul? The Macroeconomic Effects of El Niño »
Journal Issue
Volume/Issue: 2015/89
Series: IMF Working Papers
Author(s): Paul Cashin , Kamiar Mohaddes , and Mehdi Raissi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2015
DOI: http://dx.doi.org/10.5089/9781475535495.001
ISBN: 9781475535495
Keywords: El Ni&;amp;#x00F1;o weather shocks, oil and non-fuel commodity prices, global macroeconometric modeling, international business cycle, prices, inflation, variables, gdp, trade, Time-Series Models
This paper employs a dynamic multi-country framework to analyze the international macroeconomic transmission of El Niño weather shocks. This framework comprises 21 country/region-specific models, estimated over the...