We examine the directly observable determinants of sub-national (central to local) public spending allocations for disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a comprehensive dataset for the 483 sub-districts...

As an alternative clean and climate-friendly energy source, renewable energy has gained increased importance in government policies, in particular regarding the use of sun power to operate irrigation projects. Researchers have found solar-power-based irrigation projects to be reliable,...

We investigate the output effects of severe banking and currency crises in emerging markets, focusing on whether twin crises (simultaneous occurrence of currency and banking crises) exist as a unique phenomenon and whether they entail especially large losses. Recent literature, mostly relating...

The COVID-19 vaccines played a pivotal role in safeguarding populations. Yet, vaccine hesitancy remained a significant barrier to increasing coverage rates, as many high-income countries faced prolonged vaccine refusal campaigns. In Japan, vaccine doses were administered under a reservation...

We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...

How will the increased frequency of coastal inundation events induced by sea level rise impact residential insurance premiums, and when would insurance contracts be withdrawn? We model the contribution of localised sea level rise to the increased frequency of coastal inundation events. Examining...

Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national economies. Extreme Event Attribution (EEA), a methodology that examines the degree to which anthropogenic greenhouse gas emissions had changed the occurrence of specific extreme...

"Longtermism" is the view that the impacts of our actions on the very long-term future deserve prominent consideration in decision-making. We discuss the primary barrier that prevents academic economists from contributing to longtermist research: an overly rigid preference for methodological...

Climate change severely impacts critical facets of human capital across the life cycle. This is particularly alarming as both the frequency and intensity of extreme weather shocks continue to increase, and extremes appear to be the main channel of causality. At the same time, human capital has a...

People are sometimes forced to move, and it has often been hypothesised that such relocation involves significant psychological costs. The challenge in identifying the mental health consequences of moving is that most moves are (partly) voluntary. We use a natural experiment, the mandated...