between consumption losses in a disaster and the risk premium, a small amount of risk sharing can significantly attenuate the … effect that disaster risk has on the equity premium. We characterize the sensitivity of risk premium to wealth distribution … lead to significant variation in disaster risk premium. It also highlights the conditions under which disaster risk premium …

shocks to aggregate uncertainty, I introduce a small, time-varying risk of economic disaster in a standard real business … cycle model. The paper establishes two simple theoretical results: first, when the probability of disaster is constant, the … risk of disaster does not affect the path of macroeconomic aggregates - a "separation theorem" between macroeconomic …

specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster … hurricane. The present value of this increase significantly exceeds that of direct disaster aid. This implies, among other …

quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …

following the hurricane. However, by the second and third years after the disaster, Katrina evacuees displaced from Orleans …

product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster …

calibrated with observed peak-to-trough disaster sizes accords with the average equity premium with a reasonable coefficient of … disaster probabilities. Business-cycle models with shocks to disaster probability have implications for the cyclical behavior …. Richer models of disaster dynamics allow for transitions between normalcy and disaster, bring in post-crisis recoveries, and …