Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336368 
Year of Publication: 
2023
Citation: 
[Journal:] Latin American Journal of Central Banking (LAJCB) [ISSN:] 2666-1438 [Volume:] 4 [Issue:] 2 [Article No.:] 100090 [Year:] 2023 [Pages:] 1-16
Publisher: 
Elsevier, Amsterdam
Abstract: 
We estimate real estate's exposure in Chile to five weather risks, including labor productivity loss due to heat, fires, floods, drought coastal deterioration as measured by the Chilean Climatic Risk Atlas (ARCLIM) and Climate Impact Explorer (CIE) sources. According to our joint ARCLIM-CIE indicator, we measure risk exposure for the appraisal value of all properties of 39% for Chile and 51%, 36%, 36% and 27% for the Central, North, Metropolitan and South macrozones, respectively. Flooding is the greatest risk for Chile, followed by drought. We find that the CIE source underestimates the climate exposures in Chile relative to the ARCLIM measures, particularly for the flooding and drought risks.
Subjects: 
Exposures to climate change
Global warming
Latin america
Physical risks from climate change
Real estate
JEL: 
O44
O54
Q51
Q59
R11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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