cover pandemics have a change in trend and persistence in growth, and in level and persistence in unemployment. We find that … there is an upward trend in the persistence level of growth across centuries. In particular, shocks originated by pandemics … in recent times seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate …

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … conditions less predictable across countries, with important implications for growth. Controlling for concomitant changes in … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …

observations on 177 countries from 1968 to 2000, which brings together information from the Penn World Table dataset, the ITERATE … panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than …

Eine geschlossene ökonomische Theorie der Naturkatastrophen existiert bislang nicht. Arbeiten, die sich dieses Themas …