Work

The impact of climate change on inflation in OECD countries

Year: 2025

Type: book-chapter

Abstract: This study explores the impact of extreme climate events on price dynamics in OECD countries. Relying on time series data of economic and climate variables, it uses a regression model to analyze the effect of phenomena such as heatwaves and droughts on inflation. The results show that although certain sectors are sensitive to climate conditions (temperature, precipitation), their influence on overall inflation remains limited. In contrast, monetary variables, particularly money supply and interest rates, play a decisive role. The study thus highlights the predominant role of monetary policy in regulating inflation.

Source: OPUS-Publikationsserver der Hochschule Hof

DOI: 10.57944/1051-241

Authors: Raddaoui, Mariem, El Weriemmi, Malek

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: green

OpenAlex ID: W7128089267

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