Abstract:The study analyses the impacts of climate change on macro prices (foodprices, interest rate, and exchange rate). Secondary data from 1960–2019are used, and the nonlinear autoregressive distributed lag method is employedaccordingly. The results reveal that there is a long-run relationshipamong the variables employed. In addition, asymmetry only existsbetween food prices and exchange rate in the short run while it only subsistsfor all macro prices, except interest rate as a dependent variable, inthe long run. Al… Show more
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