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We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy...
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The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...
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concerning disaster relief. On the empirical front, studies showing causal and associative relationships between disasters and … socio-economic variables are important for estimating disaster-related losses and making appropriate policy suggestions. The … agencies. It discusses fiscal pressures caused due to disasters and existing policies related to disaster-risk mitigation and …
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