Arbeitspapier
Explosive Temperatures
This paper finds that global temperature anomalies are characterised by (temporary) explosiveness, a statistical feature typically found in financial and commodity market data during episodes of extreme price increases. This finding dramatically illustrates the extent temperature changes have already reached. This paper also finds that there are differences across hemispheres: while Northern hemispheric temperature anomalies are clearly found to be explosive, evidence is much weaker in Southern hemispheric data. This finding is attributable to the phenomenon of Arctic amplification. This paper complements recent studies in both climate econometrics and science which find that climate models seem to underestimate this phenomenon.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10680
- Klassifikation
-
Wirtschaft
Hypothesis Testing: General
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
global temperature anomalies
hemispheric temperature anomalies
explosiveness
climate change
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gronwald, Marc
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Gronwald, Marc
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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