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

sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … 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 …

The paper analyzes the impact of natural disasters on per-capita GDP growth. Using a quantile regressions and growth-at-risk … 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 …

fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster … preparedness and mitigation efforts to countries' risk exposure along a particular loss dimension …

natural disaster shocks in general tend not to be statistically significant, international assistance to low income countries … increases following geological disaster shocks. Furthermore, the results show that typically, other private capital flows (bank …

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 … simulations of natural disasters and various insurance options, we find that sovereign decisions on optimal risk transfer involve …

policies, such as building adaptation infrastructure and fiscalbuffers, and contrast these policies with the post-disaster …, while helping withstand the impact of the natural disaster. In an applicationto Vanuatu, we find that donors should provide … sustainable followingCyclone Pam. Helping the government build resilience on the other hand, reduces the risk ofdebt distress and …