Global economic losses from natural disasters continue to increase. Yet, investments in disaster risk management are not universal, as they are traditionally seen as in competition with other development and economic priorities. The multitude of benefits from disaster risk management investments...

Natural disasters can cause substantial damage to public and private sector infrastructure capital, generating macroeconomic losses through complex channels. These shocks must be managed and accounted for with macrofiscal and monetary policy to minimize their welfare impacts. To support this...

1 Introduction and summary -- 2 What is a disaster? An economic point of view -- 3 Disaster risks: evidence and theory -- 4 Trends in Hazards and the Role of Climate Change -- 5 Climate change impact on natural disaster losses -- 6 Methodologies for disaster risk management in a changing...