| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15596 |
| 来源ID | Working Paper 15596 |
| Droughts, Floods and Financial Distress in the United States | |
| John Landon-Lane; Hugh Rockoff; Richard H. Steckel | |
| 发表日期 | 2009-12-17 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The relationships among the weather, agricultural markets, and financial markets have long been of interest to economic historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes, which are available in detail over a wide area and for long periods of time to perform a battery of tests on the relationship between these indexes and sensitive indicators of financial stress. The drought indexes were devised by climate historians from instrument records and tree rings, and because they are unfamiliar to most economic historians and economists, we briefly describe the methodology. The financial literature in the area can be traced to William Stanley Jevons, who connected his sun spot theory to rainfall patterns. The Dust bowl of the 1930s brought the climate-finance link to the attention of the general public. Here we assemble new evidence to test various hypotheses involving the impact of extreme swings in moisture on financial stress. |
| 主题 | Macroeconomics ; Business Cycles ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w15596 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573272 |
| 推荐引用方式 GB/T 7714 | John Landon-Lane,Hugh Rockoff,Richard H. Steckel. Droughts, Floods and Financial Distress in the United States. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15596.pdf（201KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
