for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks …

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more …

Each year natural disasters affect about 200 million people and cause about $50 billion in damage. This paper compares … the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be … disasters are found to have had a discernible macroeconomic impact, including large effects on fiscal and external balances …

disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types … climatic and geological disasters. The models suggest a nuanced role for foreign aid. While the responses of aid flows to … lending and equity) do not attenuate the effects of disasters and in some specifications, even amplify the negative economic …

This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in … the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region …, while considering the effects of both moderate and severe disasters. I use a vector autoregressive model with exogenous …

Climate change is causing more frequent and devastating natural disasters. The goal of this paper is two-fold. First …, it examines the dynamic effects of natural disasters on the growth of output and its components. Government expenditure … significantly affected by natural disasters. In contrast, the increase in government expenditure in emerging markets and developing …

This study investigates the impact of rising risk of natural disasters on rule-based fiscal frameworks. It explores the … extent to which countries adhere to their fiscal rules in the presence of rising risk of natural disasters. To ensure a …

We explore the effect of (big) shocks on the allocation of (bilateral) aid using natural disasters as natural … experiments. We find that aid commitment statistically significantly increases following natural disasters, and that humanitarian … countries faced with most damaging natural disasters do not receive the most aid. We find no evidence that foreign aid …