Weather-related natural disasters and climate change pose interrelated macro-fiscal challenges. Using panel … the dynamic adjustment path of growth and key fiscal variables after severe weather-related disasters. It does not only … fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …

targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …

find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster …Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks … affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution …

general equilibrium model reveal that good policies can help countries cope with negative weather shocks to some extent … global warming-could limit the adverse macroeconomic consequences of weather shocks in a long-lasting way …