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proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth …
Persistent link: https://www.econbiz.de/10009731161
investigate the mitigating impact of an agricultural cashtransfer program (PROCAMPO) and a disaster fund (Fonden) on the migration …
Persistent link: https://www.econbiz.de/10012806783
What is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something that would substantially reduce the capital stock, GDP and wealth? What does the possibility of such an event imply for the behavior of economic variables such as...
Persistent link: https://www.econbiz.de/10003889027
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...
Persistent link: https://www.econbiz.de/10012806494
This paper places the COVID-19 pandemic into perspective by comparing it to other recent disasters in terms of impacts on the macroeconomy of the U.S. We present a short summary of advances in the state-of-the-art of economic consequence analysis, as well as estimates this approach yields on...
Persistent link: https://www.econbiz.de/10013242148
We estimate the causal effect of cash grants on household finance and business survival following a natural disaster …. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the … disaster than those without access to cash grants. Grants do not reduce negative financial outcomes, but do decrease migration …
Persistent link: https://www.econbiz.de/10012115987
Persistent link: https://www.econbiz.de/10013169386
Persistent link: https://www.econbiz.de/10014227726
associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster …-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate …
Persistent link: https://www.econbiz.de/10014576608
There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks has changed substantially over time. The negative...
Persistent link: https://www.econbiz.de/10009380407