Date : Jeudi | 2025-06-05 à 12h30
Lieu : Salle B.103

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Flavien VILBERT (LEO, Université d’Orléans)

This paper contributes to the ongoing climate literature by investigating the macroeconomic consequences of physical risks. We estimate whether extreme weather events (EWE) are likely to trigger national inflationary pressures in the Philippines over the last three decades. We rely on meterological intensity measures using high-frequency ERA5 data to build a damaging-disaster series. This serves as an external instrument to identify the dynamic causal effect in a simple econometric framework. This work offers insights into how intense weather events propagate into the economy and it evaluates potential implications for the BSP's (Bangkok Central ng Pilipinas) monetary policy.