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 …

) is among the examples of how flooding can unexpectedly extend beyond FEMA flood zones. Such surprises or negative shocks … can provide property owners—especially those not flooded—with new information about future flood risks, based on the … difference of the property distance from the flood zone and the distance to the actual locations of flooding. We use a difference …

markets' financial linkages to disaster areas. In the undamaged regions, community banks, being local and unexposed to … disaster areas, partially insulated their markets from these spillovers …

markets’ financial linkages to disaster areas. In the undamaged regions, community banks, being local and unexposed to … disaster areas, partially insulated their markets from these spillovers …

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 …