In this paper, we study mechanisms of poverty traps that can occur after large disaster shocks. Our starting point is a stylized deterministic dynamic model with locally increasing returns to scale possibly generating multiple equilibria paths with finite upper equilibrium. The deterministic...

This analysis explores the potential impact of climate change on the viability of the Malawi weather insurance program making use of scenarios of climate change-induced variations in rainfall patterns. The analysis is important from a methodological and policy perspective. By combining...

This analysis explores the potential impact of climate change on the viability of the Malawi weather insurance program making use of scenarios of climate change-induced variations in rainfall patterns. The analysis is important from a methodological and policy perspective. By combining...