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Natural disaster risk and the distributional dynamics of damages

Coronese, Matteo; Lamperti, Francesco; Chiaromonte, … - 2018

Literature on climate change and extreme events has found conflicting and often weak results on the evolution of economic damages related to natural disasters, although climate change is likely to bring about an increase in their magnitude (Van Aalst, 2006; IPCC, 2007, 2012). These studies usually...

Persistent link: https://www.econbiz.de/10011894267

Escaping Damocles' sword : endogenous climate shocks in a growing economy

Bretschger, Lucas; Vinogradova, Alexandra - 2018

Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016). The present paper addresses these issues. We consider multiple climate shocks which are recurring, random, uninsurable, and potentially large. The associated damages and the...

Persistent link: https://www.econbiz.de/10011857735

Estimating loss and damage from climate-induced disasters : an evaluation using ICRIER "Prakriti" Model

Goldar, Amrita; Jain, Sajal; Dasgupta, Diya - 2024

climate-induced disasters and the rising magnitude of accompanying damages worldwide underlines the need to focus on disaster … in India. The paper builds the case for standardizing disaster reporting frameworks and also expounds on the need for … integrating technologies in disaster management for constructing climate-resilient infrastructure. Using the ICRIER Prakriti …

Persistent link: https://www.econbiz.de/10014531285

Recovery from economic disasters

Ćorić, Bruno; Škrabić Perić, Blanka - 2020

Persistent link: https://www.econbiz.de/10012542699

Recovery from economic disasters

Ćorić, Bruno; Škrabić Perić, Blanka - In: Macroeconomic dynamics 28 (2024) 5, pp. 1023-1048

Persistent link: https://www.econbiz.de/10015055130

The real estate and credit bubble : evidence from Spain

Akin, Ozlem; García Montalvo, José; García Villar, Jaume - In: SERIEs : Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 223-243

We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with...

Persistent link: https://www.econbiz.de/10010422334

Fear of Fire Sales and the Credit Freeze

Diamond, Douglas W. - 2013

Is there any need to “clean” up a banking system in the midst of a crisis, by closing or recapitalizing weak banks and taking bad assets off bank balance sheets, or can one wait till the crisis is over? We argue that an “overhang” of impaired banks that may be forced to sell assets soon...

Persistent link: https://www.econbiz.de/10013094783

The effect of firm subsidies on credit markets

Kazakov, Aleksandr; Koetter, Michael; Titze, Mirko; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: 11.09.2024

We use project-level information for the largest regional economic development program in German history to study how government subsidies to firms affect credit markets. We identify credit market responses by considering both, bank lending and firm borrowing during 1998-2019. We find that...

Persistent link: https://www.econbiz.de/10015062319

The tradeoffs in leaning against the wind

Gourio, François; Kashyap, Anil K.; Sim, Jae W. - 2017

Credit booms sometimes lead to financial crises which are accompanied with severe and persistent economic slumps. Does this imply that monetary policy should "lean against the wind" and counteract excess credit growth, even at the cost of higher output and inflation volatility? We study this...

Persistent link: https://www.econbiz.de/10011774973

The Tradeoffs in Leaning Against the Wind

Gourio, François - 2017

Credit booms sometimes lead to financial crises which are accompanied with severe and persistent economic slumps. Does this imply that monetary policy should “lean against the wind” and counteract excess credit growth, even at the cost of higher output and inflation volatility? We study this...

Persistent link: https://www.econbiz.de/10012943792