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Fiscal Impacts of Climate Disasters in Emerging Markets and Developing Economies

Fuje, Habtamu - 2023

comprehensive ground and satellite disaster indicators spanning the past three decades across 164 countries. Across EMDEs, where … to a disaster, fiscal expenditure does not increase following a drought. A storm drags output growth in EMDEs, albeit … EMDEs, international support for disaster preparedness and climate change adaptation play a crucial role for these countries …

Persistent link: https://www.econbiz.de/10015058849

From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico

Dolk, Michaela - 2023

This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican...

Persistent link: https://www.econbiz.de/10015059150

The Macroeconomic Returns of Investment in Resilience to Natural Disasters under Climate Change: A DSGE Approach

Corugedo, Emilio Fernández - 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/10015059361

Coordinating climate and trade policies : Pareto efficiency and the role of border tax adjustments

Keen, Michael; Kotsogiannēs, Chrēstos - 2012

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country...

Persistent link: https://www.econbiz.de/10009678873

Climate and Cross-Border Migration

Beltran, Paula - 2023

Our work is positioned at the intersection of migration and climate change-two key forces shaping the economic outlook of many countries. The analysis explores: (i) the relative importance of origincountry vs destination-country factors in explaining migration patterns; (ii) importance of...

Persistent link: https://www.econbiz.de/10015058871

Climate Change Mitigation and Policy Spillovers in the EU's Immediate Neighborhood

Cevik, Serhan - 2023

EU's neighborhood countries (EUN) have lagged the EU on emissions mitigation; coal-heavy power generation and industrial sectors are a key factor. They have also trailed EU countries in emissions mitigation policies since 2000, with little use of market-based instruments, and they still have...

Persistent link: https://www.econbiz.de/10015058898

Monetary Policy Design with Recurrent Climate Shocks

Thakoor, Vimal - 2023

As climate change intensifies, the frequency and severity of climate-induced disasters are expected to escalate. We develop a New Keynesian Dynamic Stochastic General Equilibrium model to analyze the impact of these events on monetary policy. Our model conceptualizes these disasters as left-tail...

Persistent link: https://www.econbiz.de/10015058912

Mitigating Climate Change at the Firm Level: Mind the Laggards

Capelle, Damien - 2023

Using self-reported data on emissions for a global sample of 4,000 large, listed firms, we document large heterogeneity in environmental performance within the same industry and country. Laggards-firms with high emissions relative to the scale of their operations-are larger, operate older...

Persistent link: https://www.econbiz.de/10015058913

Public Support for Climate Change Mitigation Policies: A Cross Country Survey

Dabla-Norris, Era - 2023

Building public support for climate mitigation is a key prerequisite to making meaningful strides toward decarbonization and achieving net-zero emissions. Using nationally representative, individual-level surveys for 28 countries, this paper identifies the current levels and drivers of support...

Persistent link: https://www.econbiz.de/10015058988

Global Economic Impacts of Physical Climate Risks

Lepore, Caterina - 2023

This paper evaluates the global economic consequences of physical climate risks under two Shared Socioeconomic Pathways (SSP 1-2.6 and SSP 2-4.5) using firm-level evidence. Firstly, we estimate the historical sectoral productivity changes from chronic climate risks (gradual changes in...

Persistent link: https://www.econbiz.de/10015059092

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