drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0 …

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

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 … find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster …

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …

that could substantially improve disaster-resilience. Results show that (i) climaterelated disasters have a significant … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster's intensity matters much more …

?ects on the macroecon-omy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically the link between carbon dioxide emission and the frequency of climate re-lated disaster …

fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …