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The Impact of Higher Temperatures on Economic Growth, No. 18-08

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The Impact of Higher Temperatures on Economic Growth, No. 18-08

DATE: August 2018

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ABSTRACT: 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

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Colacito, Riccardo , Hoffmann, Bridget , Phan, Toan , Sablik, Timothy and Federal Reserve Bank of Richmond. "The Impact of Higher Temperatures on Economic Growth, No. 18-08," Economic Brief (August 2018). https://fraser.stlouisfed.org/title/6034/item/583975, accessed on May 29, 2022.

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