Heatwaves, coldwaves, floods, and droughts: the short-term impact of extreme weather events on economic activity

This paper examines the short-term macroeconomic and sectoral effects of extreme weather events in Germany, France, Italy, and Spain. We construct novel indicators of extreme te...

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ECB: Heatwaves, coldwaves, floods, and droughts: the short-term impact of extreme weather events on economic activity.

First seen Mar 24, 2026, 10:00 AM UTC Latest source Mar 24, 2026, 10:00 AM UTC

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Heatwaves, coldwaves, floods, and droughts: the short-term impact of extreme weather events on economic activity

ECB Working Papers •published Mar 24, 2026, 10:00 AM UTC •fetched Mar 24, 2026, 10:12 AM UTC