Accounting and Finance Research Seminar at Birkbeck Business School - Professor Michael Frömmel, Ghent University, Belgium
When:
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Venue:
Birkbeck Central
As part of the Accounting and Finance Research Seminar Series, we are pleased to host a hybrid research seminar by Professor Michael Frömmel from Ghent University, Belgium, on Thursday 14 May at 12:00 pm UK time.
The seminar will take place in Birkbeck Central, Room 308, and will also be available online via Teams.
Presentation topic
Climate Risk and Food Security: Fiscal, Monetary, and Governance Responses in Developing Economies
Abstract
The dynamics of fiscal, monetary, and governance policies emerge as critical determinants of food security. Using panel data from 60 developing countries from 2000 to 2021, we explore how climate risk interacts with policy frameworks. Employing Method of Moments Quantile Regression, with robustness checks using Quantile Treatment Effects, we find asymmetric impacts of climate risks and a crucial role for institutional and macroeconomic interventions.
Climate vulnerability undermines food security in low-productivity countries but stimulates adaptive measures in high-resilience countries. Agricultural credit and expansionary monetary policy strengthen food security across all quantiles, with effects intensifying in resilient countries. However, the efficacy of fiscal policy is significant only in the mid-to-high quantiles. We further find that governance quality amplifies these outcomes, buffering climate shocks in vulnerable countries and magnifying policy effectiveness in resilient ones. Finally, population pressure and scarce arable land intensify vulnerabilities, particularly in countries with moderate productivity.
Everyone is welcome to join us in BCB308 or online on Thursday 14 May.
Contact name: Ellen Yu
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