Showing 1 - 10 of 27,856
This paper studies how politicians and voters respond to new information on the threats of climate change. Using data on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts hit by a hurricane are more likely to support bills...
Persistent link: https://www.econbiz.de/10012006068
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...
Persistent link: https://www.econbiz.de/10012181922
different types of disasters, the effect of changing disaster risk so far has largely been neglected. In this paper we study the … effect of hurricane risk on individual self-reported life satisfaction. In order to do so we combine geo-referenced survey … we construct time-varying indicators of hurricane risk on the zip-code-level for the period of 2010 to 2018, based on …
Persistent link: https://www.econbiz.de/10012436249
used in risk assessments to estimate extent of and damages from flooding and erosion. Further, such flood risk models can … then include the effects of ecosystems, such as mangroves, to model the effects on risk of conservation and restoration …
Persistent link: https://www.econbiz.de/10014457899
, increase debt specialization, while transition risk shows limited impact. We also find that asset redeployability and Corporate … Social Responsibility moderate the impact of climate risk on firm’s debt structure with decreased debt specialization …
Persistent link: https://www.econbiz.de/10013492100
rise and uncertain storm surge. An application of CIAM is then presented to demonstrate the model's ability to assess local …
Persistent link: https://www.econbiz.de/10011290821
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10012668885
We present a new framework for estimating the long-run economic impacts of natural disasters. Our approach combines a disaster impact model with a general equilibrium model of the economy. We apply the methodology to study the effects of tropical cyclones in the United States, the Caribbean...
Persistent link: https://www.econbiz.de/10014251945
Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...
Persistent link: https://www.econbiz.de/10013426083
We study Puerto Rico's experience after the severe hurricane season of 2017 to better understand how extreme weather disasters affect bank stability and their ability to lend. Despite the devastation wrought by two category 5 hurricanes in a single month, we find relatively modest and transitory...
Persistent link: https://www.econbiz.de/10014440762