01955cas a2200277 a 4500 AALejournalIMF015822 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513509853 1018-5941 BD-DhAAL BD-DhAAL Acevedo Mejia, Sebastian. Weather Shocks and Output in Low-Income Countries : The Role of Policies and Adaptation / Sebastian Acevedo Mejia, Claudio Baccianti, Mico Mrkaic, Natalija Novta. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We explore the extent to which macroeconomic policies, structural policies, and institutions can mitigate the negative relationship between temperature shocks and output in countries with warm climates. Empirical evidence and simulations of a dynamic general equilibrium model reveal that good policies can help countries cope with negative weather shocks to some extent. However, none of the adaptive policies we consider can fully eliminate the large aggregate output losses that countries with hot climates experience due to rising temperatures. Only curbing greenhouse gas emissions-which would mitigate further global warming-could limit the adverse macroeconomic consequences of weather shocks in a long-lasting way. Mode of access: Internet Baccianti, Claudio. Mrkaic, Mico. Novta, Natalija. IMF Working Papers; Working Paper ; No. 2019/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/178/001.2019.issue-178-en.xml IMF e-Library