Le, Anh H.; Park, Donghyun; Beirne, John; Uddin, … - 2024
panel data, we show that rising climate-related disaster risks increase government debt and harm fiscal sustainability. We … also find that the adverse effect of disaster risks is larger for low-income households, exacerbating inequality. Second … distributional effect of disaster risk. The model features two kinds of households and a fiscal authority. We show that disaster risk …