activity to a financial uncertainty shock during the great recession. We replicate this evidence with an estimated DSGE … real activity of an uncertainty shock under different Taylor rules estimated with normal times vs. great recession data … (the latter associated with a stronger response to output). We find that the uncertainty shock-induced output loss …

the depletion of assets. We also consider the interaction between past weather-risk exposure and the actual realization of … weather shocks to ascertain the extent to which the investment strategies of risk-exposed households "pay off" by buffering …

This paper investigates the effects of multiple weather shocks on household welfare in Mozambique, as well as some of … various weather risks. Experiencing a cyclone, flood, or drought leads to a drop of up to 25-30 percent in per capita food … protection in the aftermath of the shock at the cost of lower income growth in the future. In disentangling the channels, the …