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targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012860997
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
Weather-related natural disasters and climate change pose interrelated macro-fiscal challenges. Using panel … the dynamic adjustment path of growth and key fiscal variables after severe weather-related disasters. It does not only … fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …
Persistent link: https://www.econbiz.de/10012942333
A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial … resolution from 1979 to 2019 and construct 164 weather variables and their lags. We select a parsimonious subset of relevant …
Persistent link: https://www.econbiz.de/10014079013
this end, we use data on bilateral cross-border bank flows from 31 source to 76 recipient (advanced and emerging market … significantly influence the volume of cross-border bank flows, with restrictions at both ends associated with a larger reduction in …
Persistent link: https://www.econbiz.de/10013043719
banks and bank supervision agencies worldwide. Women occupied less than 2 percent of bank CEOs positions, and less than 20 …, many low- and middle-income countries have a higher share of women in bank boards and banking supervision agency boards … compared to advanced economies. Econometric analysis suggests that, controlling for relevant bank and country-specific factors …
Persistent link: https://www.econbiz.de/10012945681
to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data …
Persistent link: https://www.econbiz.de/10013080850
The global financial crisis has placed the spotlight squarely on bank stress tests. Stress tests conducted in the lead …
Persistent link: https://www.econbiz.de/10013084148
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...
Persistent link: https://www.econbiz.de/10014353544
drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0 …
Persistent link: https://www.econbiz.de/10013019987