The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … assume greater financial risk in the short-term while rebuilding their lives after the disaster …

disaster risks, we estimate an instrumental variables model and find that farm income elasticities of demand for outpatient …

disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude … impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a …

shocks to aggregate uncertainty, I introduce a small, time-varying risk of economic disaster in a standard real business … cycle model. The paper establishes two simple theoretical results: first, when the probability of disaster is constant, the … risk of disaster does not affect the path of macroeconomic aggregates - a "separation theorem" between macroeconomic …

framework for policy analysis using a general equilibrium model of production, capital accumulation, and household preferences … tax on consumption society would accept to limit the maximum size of a catastrophic shock, and the cost to insure against …

away permanently. For those younger than 25 years old who were induced to move, the “lava shock” dramatically raised … than 25 (the parents) were made slightly worse off by the shock. The town affected by our volcanic experiment was (and is …

product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster …

green power requirements. Using a U.S electric utility panel dataset from 2013 to 2020, we document that natural disaster …

-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate … associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … through to household budgets, and will ultimately drive the cost of rising climate risk …