Lis, Eliza M.; Nickel, Christiane - European Central Bank - 2009
This paper explores implications of climate change for fiscal policy by assessing theimpact of large scale extreme … that thebudgetary impact of such events ranges between 0.23% and 1.1% of GDP dependingon the country group. Developing … causing lower
tax revenues, increasing public outlays on social payments etc. The overall
magnitude of the fiscal impact of …