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experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …
Persistent link: https://www.econbiz.de/10012671629
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 …
Persistent link: https://www.econbiz.de/10012112128
post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues … budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster …
Persistent link: https://www.econbiz.de/10012102133
Pacific island countries are exposed to significant risks from natural disasters. As a disaster relief measure, Fiji … with myopic households facing large natural disaster shocks. The model demonstrates the key trade-off between building up … sufficient retirement savings and ensuring the access to savings against natural disaster shocks, and sheds light on welfare …
Persistent link: https://www.econbiz.de/10011878416
for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium …
Persistent link: https://www.econbiz.de/10011852652
Persistent link: https://www.econbiz.de/10011281182
reference to two Pacific island countries, Fiji and Samoa. The analysis shows that the commonly used CPI-based real effective …
Persistent link: https://www.econbiz.de/10011715145
Growth has been sluggish in Pacific island countries (PICs). High cost of credit is likely one of the reasons. While the small scale, geographic dispersion, and vulnerability to shocks increase the cost and risk of credit in this country group, there is considerable variability in interest rate...
Persistent link: https://www.econbiz.de/10014412097
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