This paper contributes to the normative literature on mitigation and adaptation by framing the question of their optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model with a module that models the endogenous risk of...

We use childhood exposure to the series of disasters from 1970 to 1974 in Bangladesh, the 1970 cyclone, the 1971 war and the 1974 famine, as a natural experiment inducing variations in the adulthood outcomes. Based on an overlapping generation model, we hypothesize that children from households...

Little is known about how affected residents are able to cope with the financial shock of a natural disaster. We investigate the impact that flooding from a major US hurricane had on household finance. Spikes in credit card borrowing and overall delinquency rates for the most flooded residents...

Caribbean small island developing states (SIDS) have witnessed great upheaval and change over the last decade and a half - from the global economic recession of 2008, the 2010 and 2021 earthquakes in Haiti, to hurricanes that devastated islands like Jamaica, Barbuda, Dominica and The Bahamas,...

The United Nations Environment Programme (UNEP) defines environmental refugees as 'those people who have been forced to leave their traditional habitat, temporarily or permanently, because of a marked environmental disruption (natural and/or triggered by people) that jeopardized their existence...

Relying on a standard formulation of dynamic models of pollution abatement, we propose a competition among countries committed to maximize their respective welfare without any form of agreement. When there exists a threshold level for the stock of pollution above which a catastrophe occurs, it...