sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … explore this causal nexus and the effects of rare large disasters resulting in capital losses and rising risk premia. Our …

economies’ external financing needs-at-risk due to these shocks, and (iii) quantifies the spillovers to the global economy using …

Bank stress tests of climate change risks are relatively new, but are rapidly proliferating. The IMF and World Bank … building a dynamic stochastic general equilibrium model linked to global climate and a catastrophe risk model specifically for … drawing strong conclusions about the relevance of climate risk, as the model focused only on typhoons’ physical capital …

Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets … climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates …

economic consequences of climate change, research on the link between climate change and sovereign default risk is nonexistent …

world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby …