TY - BOOK ID - 149884842 TI - Fair Weather or Foul? The Macroeconomic Effects of El Niño AU - Cashin, Paul. AU - Mohaddes, Kamiar. AU - Raissi, Mehdi. PY - 2015 PB - Washington : International Monetary Fund, DB - UniCat KW - Business cycles -- Econometric models. KW - Labor market -- Effect of automation on -- Econometric models. KW - Natural disasters -- Econometric models. UR - https://www.unicat.be/uniCat?func=search&query=sysid:149884842 AB - This paper employs a dynamic multi-country framework to analyze the international macroeconomic transmission of El Niño weather shocks. This framework comprises 21 country/region-specific models, estimated over the period 1979Q2 to 2013Q1, and accounts for not only direct exposures of countries to El Niño shocks but also indirect effects through thirdmarkets. We contribute to the climate-macroeconomy literature by exploiting exogenous variation in El Niño weather events over time, and their impact on different regions crosssectionally, to causatively identify the effects of El Niño shocks on g ER -