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Mozambique is among the most disaster-prone countries in the world. A bigger than usual, and mostly unexpected, flood … those months to assess the short-term impact of the 2015 flood on household consumption and poverty levels. Applying a … difference-in-difference approach, we find that, for those exposed to the flood, consumption reduced significantly in the short …
Persistent link: https://www.econbiz.de/10012025748
This paper reviews the effect of environmental disasters on migration. Although there is an increase of environmental disasters and migration over the past years, the relationship is complex. While some authors find that environmental disasters increase migration, others show that they have only...
Persistent link: https://www.econbiz.de/10011346755
responds to one of the costliest natural disasters in India. We find that consumption dropped by 11% during the disaster, 65 …% of which was recovered after the disaster. On average, consumption per capita dropped by $312 per year, which costs about …
Persistent link: https://www.econbiz.de/10013240898
How damaging are uncertainty shocks during extreme events such as the great recession and the Covid-19 outbreak? Can monetary policy limit output losses in such situations? We use a nonlinear VAR framework to document the large response of real activity to a financial uncertainty shock during...
Persistent link: https://www.econbiz.de/10012822498
We propose and implement a method to identify shocks to transition risk. We identify transition risk shocks as … information from textual analysis of newspaper archives. We find that shocks increasing transition risk (negative abnormal returns … pronounced asymmetry in the economy's response to shocks increasing or decreasing transition risk …
Persistent link: https://www.econbiz.de/10012828076
We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its … risk in the United States. These shocks have important aggregate effects, also inducing financial instability. They are …
Persistent link: https://www.econbiz.de/10014254123
We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its … risk in the United States. These shocks have important aggregate effects, also inducing financial instability. They are …
Persistent link: https://www.econbiz.de/10014227599
The EU implemented the Market Stability Reserve (MSR) in response to the 2008 financial crisis to deal with short-term impacts of future shocks, such as the COVID-19 pandemic. We link a model that intertemporally optimizes the handling of banked allowances every five years with one that...
Persistent link: https://www.econbiz.de/10012294682
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Persistent link: https://www.econbiz.de/10014520817