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The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach

Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023

This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...

Persistent link: https://www.econbiz.de/10014353544

Building Resilience to Natural Disasters : An Application to Small Developing States

Marto, Ricardo - 2017

policies, such as building adaptation infrastructure and fiscalbuffers, and contrast these policies with the post-disaster …, while helping withstand the impact of the natural disaster. In an applicationto Vanuatu, we find that donors should provide …

Persistent link: https://www.econbiz.de/10012942348

Revisiting Carbon Leakage

Misch, Florian; Wingender, Philippe - 2022

This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...

Persistent link: https://www.econbiz.de/10013306763

Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change?

Barrett, Philip - 2022

In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...

Persistent link: https://www.econbiz.de/10013306786

Policy Space Index : Short-Term Response to a Catastrophic Event

Ferrer, José; Kireyev, Alexei - 2022

What policy space does a country have for a short-term response to a catastrophic event? To quantify this space, the paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space concept with the indicators of nominal monetary space...

Persistent link: https://www.econbiz.de/10014081237

A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change

Nakatani, Ryota - 2019

targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …

Persistent link: https://www.econbiz.de/10012860997

Natural Disaster Insurance for Sovereigns : Issues, Challenges and Optimality

Cebotari, Aliona - 2020

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …

Persistent link: https://www.econbiz.de/10012840602

Growth at Risk from Natural Disasters

Bayoumi, Tamim A.; Quayyum, Saad; Das, Sibabrata - 2022

average. We find that countries that have in place disaster preparedness mechanisms and lower public debt have lower … probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in … this paper finds that the two policies are complements since their effectiveness vary across different disaster scenarios …

Persistent link: https://www.econbiz.de/10013306749

Tackling Legal Impediments to Women's Economic Empowerment

Christopherson, Katharine; Yiadom, Audrey; Johnson, … - 2022

It is well established that a wide range of legal impediments in countries’ domestic laws have prevented women from achieving full economic empowerment, which in turn has negative macroeconomic implications. In many countries, laws often reflect and perpetuate gender norms that limit women’s...

Persistent link: https://www.econbiz.de/10013294800

Foreign Aid and Revenue : Still a Crowding Out Effect?

Benedek, Dora - 2012

This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive dataset covering 118 countries for the period 1980 - 2009. Overall, our results support earlier findings of a negative association between net Official Development Assistance (ODA)...

Persistent link: https://www.econbiz.de/10013098610