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| Pedro Juarros and Suphachol Suphachalasai |
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| ''The macroeconomic and food security impacts of extreme precipitation shocks in Liberia'' |
| ( 2026, Vol. 0 No.0 ) |
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| Extreme precipitation and floods are Liberia's main climate hazards, endangering food security, health, and macroeconomic stability, and exacerbated by limited adaptive capacity. This paper estimates the short-term macroeconomic impacts of extreme precipitation shocks using newly available high-resolution, high-frequency climate data to capture short-duration, high-intensity rainfall events. The results show that such shocks reduce food production by 1.6 percentage points (p.p.), lower per capita GDP growth by 3.3 p.p., and raise inflation by about 2 p.p. These findings suggest that strengthening climate resilience may help mitigate the macroeconomic vulnerabilities associated with extreme rainfall events and highlight the potential importance of climate-resilient infrastructure, adaptive agricultural investment, and other adaptation measures. |
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| Keywords: Extreme precipitations, food security, inflation, GDP impacts |
JEL: Q5 - Environmental Economics: General
E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
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| Manuscript Received : Oct 08 2025 | | Manuscript Accepted : Oct 10 2026 |
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