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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 …
Persistent link: https://www.econbiz.de/10013295006
experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …
Persistent link: https://www.econbiz.de/10013098564
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
targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012860997
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
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
Fragile states in sub-Saharan Africa (SSA) face challenges to respond to the effects of climate shocks and rising temperatures. Fragility is linked to structural weaknesses, government failure, and lack of institutional basic functions. Against this setup, climate change could add to risks. A...
Persistent link: https://www.econbiz.de/10013292681
Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...
Persistent link: https://www.econbiz.de/10012828235
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal...
Persistent link: https://www.econbiz.de/10013110101
We investigate the link between gender inequality in financial inclusion and income inequality, with three contributions to the recent literature. First, using a micro-dataset covering 146,000 individuals in over 140 countries, we construct novel, synthetic indices of the intensity of financial...
Persistent link: https://www.econbiz.de/10012942334