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The Effect of Winter Weather on U.S. Economic Activity

Author

Listed:
  • Bloesch, Justin

    (Federal Reserve Bank of Chicago)

  • Gourio, Francois

    () (Federal Reserve Bank of Chicago)

Abstract

The authors’ findings support the view that weather has a significant, but short-lived, effect on economic activity. Except for a few industries, which are affected importantly (such as utilities, construction, hospitality and to a lesser extent retail), the effect is not very big, so that even the fairly bad weather during the 2013–14 winter cannot account entirely for the weak economy during that period. Other factors must have been at play.

Suggested Citation

  • Bloesch, Justin & Gourio, Francois, 2015. "The Effect of Winter Weather on U.S. Economic Activity," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 1-20.
    • Handle: RePEc:fip:fedhep:00010
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    Cited by:

    1. Riccardo Colacito & Bridget Hoffmann & Toan Phan, 2019. "Temperature and Growth: A Panel Analysis of the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 313-368, March.
    2. Ivan T. Ivanov & Thomas Zimmermann, 2018. "Claim Dilution in the Municipal Debt Market," Finance and Economics Discussion Series 2018-011, Board of Governors of the Federal Reserve System (US).
    3. Gallic, Ewen & Vermandel, Gauthier, 2017. "Weather Shocks, Climate Change and Business Cycles," MPRA Paper 81230, University Library of Munich, Germany.
    4. Riccardo Colacito & Bridget Hoffmann & Toan Phan, 2016. "Temperature and Growth: A Panel Analysis of the United States," IDB Publications (Working Papers) 94298, Inter-American Development Bank.

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    Keywords

    economic;

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