To analyze the response of cities to urban policies or transportation shocks, describing a succession of stationary states is not enough, and urban dynamics should be taken into account. To do so, the urban economics model NEDUM is proposed. This model reproduces the evolution of a monocentric...

To analyze the response of cities to urban policies or transportation shocks, describing a succession of stationary states is not enough, and urban dynamics should be taken into account. To do so, the urban economics model NEDUM is proposed. This model reproduces the evolution of a monocentric...

Analyzing the macroeconomic consequences of a transition to a net-zero economy creates specific modeling challenges, including those related to the non-marginal nature of the required transformation, the role of technologies, and the replacement of fossil fuel-based assets with greener ones. To...

Climate change presents a unique challenge in that policy makers need to balance the speed and scale required to achieve global objectives within the time required to ensure political acceptability and social sustainability. Within Reach: Navigating the Political Economy of Decarbonization...

To maximize development gains, World Bank projects must consider climate change and disaster risks in their design and appraisal. Buildings could be exposed to heat waves, roads might be vulnerable to floods, and agricultural practices may be subject to drought and pests. Although projects can...

Turkey is vulnerable to natural disasters that can generate substantial damages to public and private sector infrastructure capital. Earthquakes and floods are the most frequent hazards today, and flood risks are expected to increase with climate change. To ensure stability and growth and...

We offer an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on...

We offer an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on...

In this paper, we investigate the macroeconomic response to exogenous shocks, namely natural disasters and stochastic productivity shocks. To do so, we make use of an endogenous business cycle model in which cyclical behavior arises from the investment–profit instability; the amplitude of this...