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The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach
Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023
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
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Eye of the Storm : The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan; Jalles, João Tovar - 2023
What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...
Persistent link: https://www.econbiz.de/10014354589
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Long-Term Macroeconomic Effects of Climate Change : A Cross-Country Analysis
Kahn, Matt - 2019
that a persistent increase in average global temperature by 0.04°C per year, in the absence of mitigation policies, reduces …
Persistent link: https://www.econbiz.de/10012859854
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A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change
Nakatani, Ryota - 2019
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012860997
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Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation
Atolia, Manoj - 2019
mitigation policy. We extend such a model to include optimalpolicies for mitigation, adaptation and infrastructure investment … public capital goingto mitigation in the initial periods. When initial levels of CO2 are high, adaptation efforts alsostart …
Persistent link: https://www.econbiz.de/10012895108
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Gone with the Wind : Estimating Hurricane and Climate Change Costs in the Caribbean
Acevedo Mejia, Sebastian - 2016
This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones' characteristics with reported damages. I estimate the relation between hurricane wind speeds and damages in the Caribbean; finding that the...
Persistent link: https://www.econbiz.de/10012977766
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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 2014
What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10013043705
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Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific
Cabezon, Ezequiel R. - 2015
Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries' fiscal positions. This is the first cross-country IMF study...
Persistent link: https://www.econbiz.de/10013019987
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Climate Disaster Risks - Empirics and a Multi-Phase Dynamic Model
Mittnik, Stefan - 2019
for studying mitigation and adaptation policies …
Persistent link: https://www.econbiz.de/10012865122
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Decomposing Climate Risks in Stock Markets
Zhang, Yuchen; Huang, Chengyu; Yang, Yuanchen - 2023
out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an … climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates … that climate mitigation news has been partially priced in the Canadian stock market. More specifically, stock prices react …
Persistent link: https://www.econbiz.de/10014344160