• Extreme Dry Spells and Larger Storms in the U.S. Midwest Raise Crop Prices 

      Cornejo, Magadalena; Merener, Nicolás; Merovich, Ezequiel (RedNIE Red Nacional de Investigadores en Economía, 2024)
      The U.S. Midwest produces about a third of global corn and soybeans, two of the most important crops for humanity. Earlier literature has found that corn and soybean output is sensitive to weather in a nonlinear manner: ...
    • Optimal Carbon Offsets with Heterogeneous Regions 

      Belfiori, Elisa; Macera, Manuel (Universidad Torcuato Di Tella, 2024-02-08)
      We study optimal climate policy in a global economy where regions differ in wealth and vulnerability to climate change. Carbon emissions from production generate out- put losses - a negative climate externality - and a ...