Drought disaster is one of the meteorological disasters that hinders agricultural development, and risk assessment of … this disaster can reduce losses. Although there are many kinds of risk assessment methods, most of them are static. For … static risk assessment model, which can get the year-by-year drought disaster information. Secondly, based on the static risk …

income tax. The novel contribution of this paper is to take disaster risk into account, the probability which is determined …

shocks to aggregate uncertainty, I introduce a small, time-varying risk of economic disaster in a standard real business … risk of disaster does not affect the path of macroeconomic aggregates - a "separation theorem" between macroeconomic … probability of disaster leads to a collapse of investment and a recession, an increase in risk spreads, and a decrease in the …