Showing 51 - 60 of 98,819
We study the optimal adaptation to extreme climate events by the central government in a setup where events are dynamically uncertain and the government does not know the true probabilities of events. We analyze different policy decision rules minimizing expected welfare losses for sites with...
Persistent link: https://www.econbiz.de/10011806379
Using an economic model to assess welfare risk and resilience to disasters, this paper systematically tackles the … losses at the microeconomic level. Apart from the prioritization of regions based on resilience and welfare risk, we identify … risk from riverine floods. While there are similarities in the ranking of policies among regions with comparable levels of …
Persistent link: https://www.econbiz.de/10011810138
This paper studies the theoretical effects of changes in disaster risk on macroeconomic variables in five Latin … American economies. It compares country-specific variants of the New Keynesian model with disaster risk developed by Isoré and … less vulnerable to disaster risk shocks, as compared to Chile and Colombia in particular. Overall, the analysis suggests …
Persistent link: https://www.econbiz.de/10011853521
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...
Persistent link: https://www.econbiz.de/10012181922
disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 subdistricts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … does proximity to the centres of Dhaka and Chittagong. Public spending for adaptive disaster risk reduction, as …
Persistent link: https://www.econbiz.de/10012158718
disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby …. It briefly talks about synergising risk reduction efforts with sustainable development goals through the Sendai Framework … sectors.Despite the suite of reforms that have been initiated in shifting towards resilient infrastructure and disaster funds …
Persistent link: https://www.econbiz.de/10012436024
different types of disasters, the effect of changing disaster risk so far has largely been neglected. In this paper we study the … effect of hurricane risk on individual self-reported life satisfaction. In order to do so we combine geo-referenced survey … we construct time-varying indicators of hurricane risk on the zip-code-level for the period of 2010 to 2018, based on …
Persistent link: https://www.econbiz.de/10012436249
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 … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance …
Persistent link: https://www.econbiz.de/10014576608
techniques on yearly summed data. Using EM-DAT data, we enrich the analysis of natural disasters' risk by characterizing the … normalization procedure to control for exposure (e.g. number and value of assets at risk, inflation), so to ensure spatial and …
Persistent link: https://www.econbiz.de/10012914006
-to-liquidity episode, nor with changing risk aversion, but is a flight-to-quality. Accounting for higher moments of abnormal returns turns …
Persistent link: https://www.econbiz.de/10012845174