Estimating the impacts on GDP of natural disasters in Canada

Tatjana Dahlhaus, Thibaut Duprey and Craig Johnston

No 2025-5, Staff Analytical Notes from Bank of Canada

Abstract: Extreme weather events contribute to increased volatility in both economic activity and prices, interfering with the assessment of the true underlying trends of the economy. With this in mind, we conduct a timely assessment of the impact of natural disasters on Canadian gross domestic product (GDP).

Keywords: Climate change; Domestic demand and components; Fiscal policy; Regional economic developments; Econometric and statistical methods (search for similar items in EconPapers)
JEL-codes: B23 C13 C23 E17 E37 E62 H6 (search for similar items in EconPapers)
Date: 2025-02
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