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El Niño economic effect reverses in Chile
2017
-0.19 percentage points is the estimated initial effect of El Niño on Chile's economic growth, followed by a reversal of +0.70 percentage points in the fourth quarter by the end of the first year. Inflation increases by 0.14 percentage points initially and by a cumulative 0.39 percentage points in the fourth quarter.
Cashin et al. (2017)
Cashin, P., Mohaddes, K., & Raissi, M. (2017). Fair weather or foul? The macroeconomic effects of El Niño. Journal of International Economics, 106, 37-54. https://doi.org/10.1016/j.jinteco.2017.01.010. Citado en Comisión Económica para América Latina y el Caribe (CEPAL), Los efectos del fenómeno El Niño en América Latina y el Caribe y recomendaciones para enfrentarlo, Cuadro 2. https://opsaa.iica.int/en/resource-3079-the-effects-of-el-nino-in-latin-america-and-the-caribbean-and-recommendations-for-addressing-it