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We show that a monetary policy rule that uses the exchange rate to stabilize the economy outperforms a Taylor rule in managing macroeconomics fluctuations and in achieving higher welfare. The differences between the rules are driven by: (i) the path of the nominal exchange rate and interest rate...
Persistent link: https://www.econbiz.de/10011782607
This paper proposes an application of the analytical path assembled within my PhD research on Disaster Risk Creation … challenges, for spatial planning and disaster risk management, in understanding, evaluating, and addressing Disaster Risk (DR … methodological approach benefits from well-established theoretical models of causal analysis of Disaster Risk Creation processes as …
Persistent link: https://www.econbiz.de/10013488591
main disaster data sources available, discusses the determinants of the direct effects of disasters, and distinguishes …
Persistent link: https://www.econbiz.de/10010247143
Flood insurance differs widely in scope and form across Europe. Against the backdrop of rising flood losses a debate about the role of EU policy in shaping the future of this compensation tool is led by policy makers and industry. In this paper we investigate if and how current EU policies...
Persistent link: https://www.econbiz.de/10010517702
natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster …
Persistent link: https://www.econbiz.de/10010517703
disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby … sectors.Despite the suite of reforms that have been initiated in shifting towards resilient infrastructure and disaster funds …
Persistent link: https://www.econbiz.de/10012436024
This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general …, consumption, and country spread to capture the economic effects of output, country risk, and exogenous natural disaster shocks … Belize. Similar findings between empirical and general frameworks show that disaster shocks in Central America and the …
Persistent link: https://www.econbiz.de/10011575500
Persistent link: https://www.econbiz.de/10009305783
significantly increases the WTP to reduce consumption risk. Our work links the VSL and consumption disaster literatures. …
Persistent link: https://www.econbiz.de/10012383906
Persistent link: https://www.econbiz.de/10013534359