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Assessments of potential impacts of climate change on water resources systems are generally based on the use of downscaled climate scenarios to force hydrological and water resource systems models and hence quantify potential changes in system response. This approach, however, has several limitations. The uncertainties in current climate and hydrological models can be large, such analyses are rapidly outdated as new scenarios become available, and limited insight into system response is obtained. Here, we propose an alternative methodology in which system vulnerability is analyzed directly as a function of the potential variations in flow characteristics. We develop a stochastic reconstruction framework that generates a large ensemble of perturbed flow series at the local scale to represent a range of potential flow responses to climate change. From a theoretical perspective, the proposed reconstruction …