This paper studies the role of information acquisition in propagating/stabilizing uncertainty shocks in a dynamic financial market.In a static world, uncertainty raises the value of information, which encourages more information acquisition. In a dynamic world, however, uncertainty can depress...

Climate change severely challenges our ecosystem and society, affecting urban residents' socioeconomic activities. Thus, assessing severe weather risk is crucial for evaluating urban sustainability; understanding trends, causes, and impacts on socioeconomic development; and supporting the United...