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Hurricanes, Climate Change Policies and Electoral Accountability
Gagliarducci, Stefano - 2019
on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts … the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …
Persistent link: https://www.econbiz.de/10012479784
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Mortgage Finance in the Face of Rising Climate Risk
Ouazad, Amine - 2019
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 …
Persistent link: https://www.econbiz.de/10012480267
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Evaluating the Economic Cost of Coastal Flooding
Desmet, Klaus - 2018
Sea-level rise and ensuing permanent coastal inundation will cause spatial shifts in population and economic activity over the next 200 years. Using a highly spatially disaggregated, dynamic model of the world economy that accounts for the dynamics of migration, trade, and innovation, this paper...
Persistent link: https://www.econbiz.de/10012480573
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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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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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Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics : Going Under Water?
Bakkensen, Laura A. - 2017
How will climate risk beliefs affect coastal housing market dynamics? This paper provides both theoretical and empirical evidence: First, we build a dynamic housing market model with heterogeneity in home types, consumer preferences, and flood risk beliefs. The model incorporates a Bayesian...
Persistent link: https://www.econbiz.de/10012453857
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Environmental Protection, Rare Disasters, and Discount Rates
Barro, Robert J. - 2013
down, are the proportionate effect of environmental investment on the probability of environmental disaster and the … baseline probability of environmental disaster …
Persistent link: https://www.econbiz.de/10012459404
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Disaster Management
Van Reenen, John; Norris Keiller, Agnes - National Bureau of Economic Research - 2024
Climate change is making natural disasters more frequent, yet little is known about the capacity of firms to withstand such disasters and adapt to their increased frequency. We examine this issue using a the latest wave of the World Management Survey (WMS) that includes new questions on firms'...
Persistent link: https://www.econbiz.de/10014576624
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Climate Risks and FDI
Gu, Grace Weishi; Hale, Galina - National Bureau of Economic Research - 2022
Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...
Persistent link: https://www.econbiz.de/10013388808
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Natural Disasters and Municipal Bonds
Auh, Jun Kyung; Choi, Jaewon; Deryugina, Tatyana; Park, Tim - National Bureau of Economic Research - 2022
: returns of uninsured bonds fall slowly in the weeks following a disaster, by 0.31% on average, translating into investor … losses of almost $10 billion. Source of bond revenue, bond insurance, disaster severity, federal disaster aid, and local …
Persistent link: https://www.econbiz.de/10013334497