Wednesday, June 9, 2010
Was There No Little Ice Age?
Morgan Kelly and Cormac O Grada have a new working paper titled: The Economic Impact of the Little Ice Age. But their main point seems to be that there wasn't much of a Little Ice Age at all. Rather there were some years with particularly bad weather in the middle of the last millennium. If temperatures are smoothed using moving averages these bad years will reduce the temperature of extensive
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