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scarring effects of the event itself. We examine survival at and in the five years after the 2004 Indian Ocean earthquake and … tsunami for a population-representative sample of residents of Aceh, Indonesia who were differentially exposed to the disaster …. For this population, the dynamics of selection and scarring are a complex function of the degree of tsunami impact in the …
Persistent link: https://www.econbiz.de/10012989143
effects of the 1906 San Francisco earthquake, a shock that immediately reduced United States. GNP by 1.5-1.8 percentage points … against American finance bills. British bank policy pushed the US into recession and set the stage for the 1907 financial … the Federal Reserve. In this study, we identify the San Francisco earthquake as the shock that triggered the chain of …
Persistent link: https://www.econbiz.de/10013249676
2011 Great East Japan Earthquake. Exploiting the panels of nationally representative surveys on risk preferences, we find … that men who experienced greater intensity of the Earthquake became more risk tolerant after the Earthquake. Furthermore … women. Finally, the effects on men's risk preferences are persistent even five years after the Earthquake at almost the same …
Persistent link: https://www.econbiz.de/10013004122
2010 earthquake in Chile and the 2011 earthquake in Japan. In both cases there was an immediate and persistent effect on … product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster … Chile are consistent with pricing models where retailers have fear of "customer anger". In Japan, by contrast, the evidence …
Persistent link: https://www.econbiz.de/10013075420
How sensitive is long-run individual well-being to environmental conditions early in life? This paper examines the effect of weather conditions around the time of birth on the health, education, and socioeconomic outcomes of Indonesian adults born between 1953 and 1974. We link historical...
Persistent link: https://www.econbiz.de/10012759306
both Japan and the U.S., innovations in stock prices that are contemporaneously orthogonal to TFP precede most of the long …
Persistent link: https://www.econbiz.de/10013225845
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply …
Persistent link: https://www.econbiz.de/10013137602
Trending current accounts pose a challenge for intertemporal open-economy macro models. This paper shows that a two-country representative-agent business cycle model is able to explain the historical time-paths of the US and Japanese current accounts, both of which display trends but in opposite...
Persistent link: https://www.econbiz.de/10013151370
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets,...
Persistent link: https://www.econbiz.de/10013058249
This paper asks how a fiscal expansion would affect Japan. It uses a textbook-style macro model calibrated to fit the … Japanese economy. According to the results, Japan%u2019s output slump would be ended by a fiscal transfer of 6.6% of GDP. This …
Persistent link: https://www.econbiz.de/10013249390