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Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
The Impact of Higher Temperatures on Economic Growth
Riccardo Colacito
Bridget Hoffman
Toan Phan
Timothy Sablik
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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Riccardo Colacito & Bridget Hoffman & Toan Phan & Timothy Sablik, "The Impact of Higher Temperatures on Economic Growth" , Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue August, pages 1-5, 2018.
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Keywords: economic growth; temperature; economy; industry
For corrections, contact Christian Pascasio ()
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