We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …

assumption has been criticized by many economists. The Review also stresses that great uncertainty is a critical element for … uncertainty to get into the ballpark of explaining the observed equity premium. A satisfactory framework, based on Epstein … down, are the proportionate effect of environmental investment on the probability of environmental disaster and the …

disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …

after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a … disaster is "new news", i.e. does not have a long history of hurricanes. Conforming loans are riskier in dimensions not …

contribute to the blurring of the differences between the two rates. In addition, we indicate that uncertainty about underlying …