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Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
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 …
Persistent link: https://www.econbiz.de/10012482023
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Mandated vs. Voluntary Adaptation to Natural Disasters : The Case of U.S. Wildfires
Baylis, Patrick W.; Boomhower, Judson - National Bureau of Economic Research - 2021
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective …
Persistent link: https://www.econbiz.de/10012794648
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The Evolving Market for Catastrophic Event Risk
Froot, Kenneth A. - 1999
This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small amounts of their cat exposures and because insurance...
Persistent link: https://www.econbiz.de/10012471496
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Evaluating the Role of Insurance in Managing Risk of Future Pandemics
Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
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Firm Adaptation to Climate Change
Grover, Arti; Kahn, Matthew E. - National Bureau of Economic Research - 2024
We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather …
Persistent link: https://www.econbiz.de/10015056174
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Uncertainty and Growth Disasters
Jovanovic, Boyan - 2020
This paper documents several facts on the real effects of economic uncertainty. First, higher uncertainty is associated with a more dispersed distribution of output growth. Second, the relation is highly asymmetric: A rise in uncertainty is associated with a sharp decline in the lower tail of...
Persistent link: https://www.econbiz.de/10012482243
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Climate Change, Insurability of Large-scale Disasters and the Emerging Liability Challenge
Kunreuther, Howard C. - 2007
This paper focuses on the interaction between uncertainty and insurability in the context of some of the risks associated with climate change. It discusses the evolution of insured losses due to weather-related disasters over the past decade, and the key drivers of the sharp increases in both...
Persistent link: https://www.econbiz.de/10012465836
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Coping with Disaster : The Impact of Hurricanes on International Financial Flows, 1970-2002
Yang, Dean - 2006
How well do countries cope with the aftermath of natural disasters? In particular, do international financial flows help buffer countries in the wake of disasters? This paper focuses on hurricanes (one of the most common and destructive types of disasters), and examines the impact of hurricane...
Persistent link: https://www.econbiz.de/10012465865
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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence From 6,700 Cyclones
Hsiang, Solomon M. - 2014
pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
Persistent link: https://www.econbiz.de/10012458315
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Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments
Baker, Scott R. - 2013
A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies...
Persistent link: https://www.econbiz.de/10012459187