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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 …
Persistent link: https://www.econbiz.de/10012865122
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 …
Persistent link: https://www.econbiz.de/10013306749
experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …
Persistent link: https://www.econbiz.de/10013098564
targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012860997
disaster hits? There is evidence that people exposed to natural disasters tend to behave more philanthropically, but most …
Persistent link: https://www.econbiz.de/10014254587
This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic firms in countries with low uncertainty aversion, low tolerance for hierarchical...
Persistent link: https://www.econbiz.de/10013098599
This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and...
Persistent link: https://www.econbiz.de/10012918566
This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a …
Persistent link: https://www.econbiz.de/10015057806
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 …
Persistent link: https://www.econbiz.de/10012840602
Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection -insurance and self-insurance- and structural protection -investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia's economy, this paper shows that...
Persistent link: https://www.econbiz.de/10012889136