pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …

A new options-pricing formula applies to far-out-of-the money put options on the overall stock market when disaster … multiplicative term that is proportional to the disaster probability, p. If γ and the size distribution of disasters are fixed, time … variations in p can be inferred from time fixed effects. The estimated disaster probability peaks particularly during the recent …

impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …

The Messina-Reggio Calabria Earthquake (1908) was the most devastating natural disaster in modern European history. It …