theory, empirical tests of the rare disaster explanation are scarce. We estimate a disaster-including consumption-based asset …The rare disaster hypothesis suggests that the extraordinarily high postwar U.S. equity premium resulted because … empirical support for the rare disaster hypothesis, and help restore the nexus between real economy and financial markets …

There has been some degree of reluctance in the past to consider disaster risk management within the mainstream of … adaptation to climate variability and climate change. However, there is now wide recognition of the need to incorporate disaster … with disaster risk management. It showcases projects and other initiatives in this field that are being undertaken in both …