Economic Letter
Brief summaries of SF Fed economic research that explain in reader-friendly terms what our work means for the people we serve.
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The Impact of El Niño on the U.S. Economy
Molly Ardren, Tobin Graf
Combining historical economic and meteorological data makes it possible to estimate the economic impacts of El Niño episodes. Such estimates suggest the current El Niño episode may have already caused a small temporary bump in U.S. price levels, which is expected to resolve by the end of the year. Estimates further suggest the episode poses…
