Narrow search
Showing 1 - 10 of 63,019
Cover Image
Trade networks and natural disasters : diversion, not destruction
Gigout, Timothee; London, Mélina - 2023
and disaster data and use a dynamic difference-indifferences identification strategy. We establish the causal effect of … the natural disaster. …
Persistent link: https://www.econbiz.de/10014248761
Cover Image
Natural Disaster Effects on Popular Sentiment toward Finance
Jha, Manish; Liu, Hongyi; Manela, Asaf - 2021
We use a text-based measure of popular sentiment toward finance to study how finance sentiment responds to rare historical disasters and to the ongoing COVID-19 pandemic. Finance sentiment declines after epidemics and earthquakes, but rises following severe droughts, floods, and landslides....
Persistent link: https://www.econbiz.de/10013218790
Cover Image
Flooded house or underwater mortgage? : the implications of climate change and adaptation on housing, income, and wealth
Straten, Yasmine van der - 2023
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage their housing capital and physical capital, respectively....
Persistent link: https://www.econbiz.de/10014233371
Cover Image
Market Implied Volatility and Natural Disasters : International Evidence
Mao, Xiaodan; Wei, Ping; Ren, Xiaohang - 2022
Using daily data, we provide fresh international evidence that an occurrence of natural disaster is accompanied by an … relation between market implied volatility and natural disaster is a short-run relationship, mainly driven by the subsample of … countries with a low frequency of disaster or with developed fnancial markets. Our analysis shows that in contrast to ex post …
Persistent link: https://www.econbiz.de/10014238328
Cover Image
Flight to Climatic Safety : Local Natural Disasters and Global Portfolio Flows
Ferriani, Fabrizio; Gazzani, Andrea Giovanni; Natoli, … - 2023
Using data from a broad panel of countries at a weekly frequency, we find that local natural disasters have significant effects on global portfolio flows. First, when disasters strike, international investors reduce their net flows to equity mutual funds exposed to affected countries. This only...
Persistent link: https://www.econbiz.de/10014349815
Cover Image
The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach
Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...
Persistent link: https://www.econbiz.de/10014353544
Cover Image
Integrating out natural disaster shocks
Bremus, Franziska; Rieth, Malte - 2023
We study the role of international financial integration in buffering natural disaster shocks, using a large sample of …
Persistent link: https://www.econbiz.de/10014468927
Cover Image
A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change
Nakatani, Ryota - 2019
targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012860997
Cover Image
Changes in natural disaster risk : macroeconomic responses in selected Latin American countries
Isoré, Marlène - In: Economies : open access journal 6 (2018) 1, pp. 1-12
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
Cover Image
Extreme weather events and economic activity : the case of low water levels on the Rhine river
Ademmer, Martin; Jannsen, Nils; Mösle, Saskia - 2020
In this paper, we exploit exogenous variation in navigability of the Rhine river to analyze the impact of weather-related supply shocks on economic activity in Germany. Our analysis shows that low water levels lead to transportation disruptions that cause a significant and economically...
Persistent link: https://www.econbiz.de/10012209254