We exploit regional variations in exposure to heat stress to study if physical climate risk is priced in municipal and …

In the face of rising climate risk, financial institutions may adapt by transferring such risk to securitizers that … to climate risk may be a drop in the ocean of cash flows. This paper builds a data set of the entire securitization chain … optimal deals by finding the portfolio weights in an asset demand system that targets return and risk. Extrapolating wildfire …

distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …

a stochastic growth model for 40 vulnerable countries and project welfare effects of climate-driven cyclone risk changes …

treatments respond to flood risk. We identify reactions to flood risk, distinctly from price effects due to flood damage, by … seaboard. We find that homes in high flood risk zones situated in towns that participate in public flood awareness activities …

availability and competitive labor markets. Climate risk management by firms mitigates the impact of heat shocks on aggregate …

. By incorporating climate risk into asset prices, markets can discourage excessive development in hazardous areas. However … information about flood risk on residential property values in the United States. Using multiple empirical approaches and two … information about flood risk in aggregate. However, the price penalty for flood risk is larger for commercial buyers and in states …