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intense climate-related natural disasters. In a regression analysis within a model of disaster risk determination for 1971 …Intense climate-related disasters - floods, storms, droughts, and heat waves - have been on the rise worldwide. At the … side and anthropogenic climate change on the other? This paper considers three main disaster risk factors - rising …
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This study assesses the global economic consequences of climate-related risk in three broad areas: (1) the macroeconomic impacts of physical climate risk due to chronic climate change associated with global temperature increases and climate-related extreme shocks; (2) the macroeconomic effects...
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characterized by a constant growth rate of consumption and of the capital stock until a shock arrives, triggering a downward jump in …
Persistent link: https://www.econbiz.de/10011857735
. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also …
Persistent link: https://www.econbiz.de/10012249287
Using staggered climatic disasters in the U.S, we find that earnings forecasts by analysts who experienced a major … climatic disaster become less accurate than those by the unaffected analysts within three months after the disaster due to … distracted attention. Stock prices respond less strongly to earnings revisions by disaster-zone analysts. Disaster-zone analysts …
Persistent link: https://www.econbiz.de/10013220377
Climate disasters raise the salience of climate change’s negative consequences, including climate-induced migration … change intersects with high opposition to immigration. Do climate disasters foster receptivity toward climate migrants and … attitudes, but decay within six months. Together, these results suggest that climate disasters may briefly increase favorability …
Persistent link: https://www.econbiz.de/10014356510
Adaptation needs are vast, rising fast and difficult to determine in their entirety, especially with uncertain adverse scenarios due to climate inertia and implementation lags. Adaptation is hindered by a lack of a unified understanding of what it necessitates; the challenge in pointing out its...
Persistent link: https://www.econbiz.de/10015179786
Hurricanes give rise to flight-to-safety episodes during which High Tech stocks consistently behave differently from stocks in other industries. We isolate a safety premium of 3.75\% which peaks at 16% annualized for periods of 20 days after landfall. The safety premium is greater than the short...
Persistent link: https://www.econbiz.de/10012845174