Economic development and climate change constitute two of today's major international policy challenges. While development cooperation has long been on the political agenda, addressing global climate change has gained policymakers' attention more recently. Transfers for financing single projects...

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...