targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …

average. We find that countries that have in place disaster preparedness mechanisms and lower public debt have lower … probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in … this paper finds that the two policies are complements since their effectiveness vary across different disaster scenarios …

facing large natural disaster shocks. The modeldemonstrates the key trade-off between building up sufficient retirement … savings andensuring the access to savings against natural disaster shocks, and sheds light on welfareimplications of early …

for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium …

post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues … budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster …

effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically the link between carbon dioxide emission and the frequency of climate related disaster …

fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …