Who pays when disaster strikes? Insurance and the macroeconomics of climate catastrophes
Margherita Giuzio (ECB) examines how insurance coverage shapes economic recovery in the aftermath of climate-related disasters..
Climate Migration: Who Moves and Who Gets Left Behind
Moumita Das (University of California Santa Cruz) shows that a one-degree increase in mean daily temperature is associated with higher rates of temporary out‑migration in India.
Temperature, Adaptation, and Local Industry Concentration
Jacopo Ponticelli (Nortwestern University), Qiping Xu (University of Illinois Urbana-Champaign) and Stefan Zeume (University of Illinois Urbana-Champaign, Gies College of Business) show that extreme temperatures between 1980s and 2010s jointly increased energy costs and decreased productivity of small manufacturing plants in the U.S.
Invisible Risk: How Temperature Extremes Shape Violence Against Women in Bolivia
Julieth Saenz-Molina (Fordham University) uses Bolivia’s stark geographic contrast between tropical lowlands and high-altitude Andean regions to show genuine heterogeneity in climate effects driven by local de-adaptation to certain temperatures.
Uncertainty, Tradeoffs, and Credible Climate Policy
Charles Manski (Northwestern University) discusses how credible climate policy requires honestly confronting deep uncertainty, about climate models, economic damages, and discount rates, rather than becoming entrenched in opposing ideologies. Welfare economics provides the rigorous framework needed to transparently quantify the tradeoffs between abatement costs and climate damages.
Climate Change, Adaptation, and Sovereign Risk
Co-Winner of the 2025 E-Axes Forum Research Prize
Sarah Duffy (University of Oxford) studies the implications of sovereign risk for adaptation and therefore the economic losses from natural disasters.
Rebuild or Relocate? Recovery after Natural Disasters
Co-Winner of the 2025 E-Axes Forum Research Prize
Shifrah Aron-Dine (UC Berkeley) analyzes how post‑disaster policies that prioritize rebuilding interact with household incentives, migration, and infrastructure investment, might not improve welfare and resilience.
From Floods to Fossil Fuels: Ranking Climate Risk Across Nations
Matteo Ferrazzi, Fotios Kalantzis, and Sanne Zwart (EIB) introduce a novel, multidimensional index that assesses climate risk exposure across more than 170 countries
Adjusting productivity for carbon emissions: A new perspective on the growth slowdown
Maarten de Ridder (LSE) proposes a method to embed carbon emissions efficiency gains into existing productivity measures.
Weathering the storm: sectoral economic and inflationary effects of floods and the role of adaptation
Matteo Ficarra (Geneva Graduate Institute) and Rebecca Mari (Bank of England) use satellite data on floods to estimate the impact of floods on GDP and inflation at the sector level in English counties.
Volatile Temperatures and Their Effects on Equity Returns and Firm Performance
Luca Taschini (University of Edinburg Business School, LSE) and Atreya Dey (University of Edinburg Business School) find that increased temperature variability, rather than average temperature changes, materially impacts returns and profitability for firms located in the US.
The Distributional Consequences of Climate Change: Housing Wealth, Expectations, and Uncertainty
Jeffrey Sun (University of Toronto) explores how changing and uncertain climate change expectations have the potential—through housing prices—to dramatically reallocate wealth across areas and between the rich and the poor.