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

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 …

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 …

experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …

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 …

that could substantially improve disaster-resilience. Results show that (i) climaterelated disasters have a significant … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster’s intensity matters much more …