Similar Search Results

Learning, Catastrophic Risk and Ambiguity in the Climate Change Era

Moore, Frances - National Bureau of Economic Research - 2024

distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …

Persistent link: https://www.econbiz.de/10014635647

Property Insurance and Disaster Risk : New Evidence from Mortgage Escrow Data

Keys, Benjamin J.; Mulder, Philip - National Bureau of Economic Research - 2024

associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance … prices as a natural experiment, we show that the increase in the risk-to-premium gradient was largely caused by the pass …

Persistent link: https://www.econbiz.de/10014576608

The Return of Adaptation to Extreme Weather

Hong, Harrison G.; Ng, Serena; Xu, Jiangmin - National Bureau of Economic Research - 2025

. Unexpected arrivals elevate extreme-weather risk, which leads households and firms to adapt and thereby lowering the damage of … each subsequent arrival. Our approach provides country-specific estimates of disaster risk as extreme-weather events unfold …

Persistent link: https://www.econbiz.de/10015409856

Households' Response to the Wealth Effects of Inflation

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023

We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...

Persistent link: https://www.econbiz.de/10014372429

Perceived Political Bias of the Federal Reserve

Kuang, Pei; Weber, Michael; Xie, Shihan - National Bureau of Economic Research - 2024

We conduct a survey experiment with a large, politically representative sample of U.S. consumers (5,205 participants) to study how perceptions of the U.S. Federal Reserve's (Fed) political stance shape macroeconomic expectations and trust in the Fed. The public is divided on the Fed's political...

Persistent link: https://www.econbiz.de/10015094913

Inflation and Trading

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2024

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of historically high inflation. Investors' beliefs about the stock return-inflation relation are very heterogeneous in the cross section and on average too optimistic. Moreover, many...

Persistent link: https://www.econbiz.de/10014544748

Expectations Data in Structural Microeconomic Models

Koşar, Gizem; O'Dea, Cormac - National Bureau of Economic Research - 2022

A growing literature uses now widely-available data on beliefs and expectations in the estimation of structural models. In this chapter, we review this literature, with an emphasis on models of individual and household behavior. We first show how expectations data have been used to relax strong...

Persistent link: https://www.econbiz.de/10013210122

Do Conflict of Interests Disclosures Work? : Evidence from Citations in Medical Journals

Leuz, Christian; Malani, Anup; Muhn, Maximilian; Jakab, … - National Bureau of Economic Research - 2023

Financial ties between drug companies and medical researchers are thought to bias studies published in medical journals. To enable readers to account for such bias, most medical journals require authors to disclose potential conflicts of interest. We examine whether disclosure reduces article...

Persistent link: https://www.econbiz.de/10014226124

Forest Fires : Why The Large Year-to-Year Variation in Forests Burned?

Apt, Jerome; Epple, Dennis N.; Sowell, Fallaw - National Bureau of Economic Research - 2023

Quantifying factors giving rise to temporal variation in forest fires is important for advancing scientific understanding and improving fire prevention. We demonstrate that eighty percent of the large year-to-year variation in forest area burned in California can be accounted for by variation in...

Persistent link: https://www.econbiz.de/10014372495

Natural Disasters and Municipal Bonds

Auh, Jun Kyung; Choi, Jaewon; Deryugina, Tatyana; Park, Tim - National Bureau of Economic Research - 2022

Climate change is increasing the frequency of natural disasters, which could make municipal bonds a riskier asset class. We study the effects of natural disasters on municipal bond returns, exploiting the repeat sales approach to overcome the challenge that municipal bonds trade extremely...

Persistent link: https://www.econbiz.de/10013334497