rate adjustments. The formulation is theory-based, relying on balance of payments equilibrium conditions and international …

We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …

uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify …