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create templates to stress test for future events. Using the 2012 Midwestern US drought as an example, this work creates a … macroeconomic conditions by comparing drought-impacted agricultural counties with nearby urban counties. After measuring the net … macroeconomic impacts of the drought, this was used as an overlay with existing macroeconomic stress models to stress test a lender …
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This paper proposes a new Economic Drought Management Index (EDMI) that could assist water managers to inter … various scenarios of climate change, and for a 8-year real period, which includes three consecutive drought years. Results … show that the region's vulnerability to drought could be reduced following the interpretation of the EDMIs. EDMIs under …
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Climate-related natural disaster shocks are expected to rise as the earth is getting warmer, which will adversely affect growth prospects globally. Current robust estimates of the effects of typhoons and droughts point to both short- and long-term declines in national incomes compared to...
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