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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
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International Risk Sharing
Matsumoto, Akito - 2009
Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...
Persistent link: https://www.econbiz.de/10012677771
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Fiscal Cycles in the Caribbean
Araujo, Juliana Dutra - 2009
cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has …
Persistent link: https://www.econbiz.de/10012677820
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International Reserves and Self-Insurance against External Shocks
Barnichon, Régis - 2008
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical...
Persistent link: https://www.econbiz.de/10012677607
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Natural Disasters
Laframboise, Nicole - 2012 - Online-Ausg.
Studies―Disaster Estimates; A. IMF Financing; 2. Case Studies―IMF Financing; 6. IMF Emergency Assistance … experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, in …
Persistent link: https://www.econbiz.de/10012684357
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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
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Corruption Kills: Global Evidence from Natural Disasters
Cevik, Serhan - 2023
1980-2020. The econometric analysis provides convincing evidence that corruption increases the number of disaster …
Persistent link: https://www.econbiz.de/10015059047
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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
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Good Will Hunting: Do Disasters Make Us More Charitable?
Cevik, Serhan - 2023
disaster hits? There is evidence that people exposed to natural disasters tend to behave more philanthropically, but most …
Persistent link: https://www.econbiz.de/10015059721
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Why Some Don't Belong-The Distributional Effects of Natural Disasters
Budina, Nina - 2023
When and how do natural disasters worsen within-country income inequality? We highlight the channels through which natural disasters may have distributional effects and empirically analyze when and which type of disasters affect inequality in advanced economies (AEs) and in emerging and...
Persistent link: https://www.econbiz.de/10015059836