This paper investigates the effect that rising temperatures will have on wildfire size in the United States. Using data for 586 wildfires that occurred on US Forest Service land in the Northern Rockies between 1995 and 2012, I find that a 1% increase in the maximum temperature observed during...

This paper investigates the impact of including the risk of fire in an optimal tree harvesting model at the stand level, assuming timber prices follow a mean-reverting stochastic process. The relevant partial differential equation is derived under different assumptions about hedging the risk of...

This report contains the annual summary of the fire season of 2017 with official figures provided by 33 contributing countries for the number of fires, burnt areas and fire prevention efforts, and the analysis of fire danger and areas mapped in the European Forest Fire Information System (EFFIS).

Forest fires constitute a serious and increasing threat throughout Europe, and in particular in Greece, Spain, France, Italy and Portugal. Despite a decreasing trend in the number of fires and areas burned, observed in some countries since the 1980s, larger and more damaging fires (i.e....

How do financial markets respond to anticipated climate-driven wildfire risk? Using high-resolution meteorological forecasts, land use data, and U.S. municipal bond spreads, we find that municipalities facing greater future wildfire exposure already incur higher borrowing costs: A one standard...

This paper examines wildfires’ impact on mortgage repayment using novel data that combines property-level damages and mortgage performance data. We find that 90-day delinquencies were 4 percentage points higher and prepayments were 16 percentage points higher for properties that were damaged...

This paper examines wildfires’ impact on mortgage repayment using novel data that combines property-level damages and mortgage performance data. We find that 90-day delinquencies were 4 percentage points higher and prepayments were 16 percentage points higher for properties that were damaged...