sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to …

natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster …

costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While …

natural disasters are shared internationally to a generally very limited extent. This finding of home bias in disaster risk … international sharing of disaster risk. For advanced economies, a lack of international risk-sharing is correlated with a lack of … room to manoeuvre to do so. At high levels of public debt, a lack of ex ante insurance can turn disaster risk into …

common than official flood maps would predict, suggesting that local knowledge may also mitigate disaster impacts. …