Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...

Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback e?ects on the macroecon-omy. Research on disaster risks has...

The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment studying the dynamics of the transition to a low...

Chapter 1 – Introduction -- Chapter 2 -Sustainable Growth, Welfare and Short-termism -- Chapter 3 - Non-Sustainable Growth, Resource Extraction, and Boom-Bust Cycles -- Chapter 4 - Fossil Fuel Resources, Environment and Climate Change -- Chapter 5 - Limits on the Extraction of Fossil Fuels,-...