improve. When a climatological or geographical disaster occurs, its CAB, national saving, and investment tend to improve. A …

We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather …

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 …

How do innovators respond to the shock of a natural disaster? Do natural disasters spur technical innovations that can …, droughts and flooding on the innovation of their respective mitigation technologies. Using patent and disaster data, our study …

-makers not to invest in adaptation measures until after it is too late. In an interdependent world with no intervention by the …

calibrated with observed peak-to-trough disaster sizes accords with the average equity premium with a reasonable coefficient of … disaster probabilities. Business-cycle models with shocks to disaster probability have implications for the cyclical behavior …. Richer models of disaster dynamics allow for transitions between normalcy and disaster, bring in post-crisis recoveries, and …

welfare cost of aggregate consumption uncertainty. In the baseline simulation, the welfare cost of disaster risk is large …