Compounding Effect of Harsh Climate and Societal Disruptions on Food Prices in Early Modern Europe
Emile Esmaili, Michael J. Puma, Francis Ludlow, Eva Jobbova

TL;DR
This study uses advanced statistical methods to analyze how climate variability and societal disruptions jointly affected food prices in early modern Europe, revealing significant compounded impacts during key historical crises.
Contribution
It introduces a novel multi-scale statistical approach to quantify the combined effects of climate and socio-political factors on historical food prices.
Findings
Cold anomalies linked to famines in the 1590s and 1690s.
Severe droughts during 1634-1636 increased food price volatility.
Concurrent extreme cold and drought periods heightened price instability.
Abstract
The complex interplay between famine, warfare, and climate constitutes a multifaceted and context-dependent relationship that has profoundly influenced human history, particularly in early modern Europe. This study advances the literature on climate-economy interactions by leveraging multi-scale statistical techniques to quantify the compounded effects of climate variability and socio-political factors on food prices, offering novel model-based insights into the historical dynamics of climate and economic systems. Using Canonical Correlation Analysis (CCA), we investigate the influence of temperature fluctuations and drought severity on food prices across 14 European cities from 1565 to 1785. Our findings confirm a persistent negative relationship between temperature and food prices over the long term, while the relationship between drought severity and price dynamics appears positive…
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Taxonomy
TopicsMarket Dynamics and Volatility
