Macroeconomic outcomes in disaster-prone countries

Feeling the Heat: Adapting to Climate Change in the Middle East and Central Asia

“…Adaptation investment: assumed to be 25 percent more costly for the government (Cantelmo, Melina, and Papageorgiou 2019).…”

Natural Disasters and Labor Market Outcomes in Mexico

“…In empirical research, the literature focuses on measuring the indirect impact of climate disasters, particularly their effects on economic activity and the spillover effects on the well-being of the population affected by extreme-weather events (Botzen, Deschenes, & Sanders, 2019). Various modeling approaches are used, such as computable general equilibrium combined with input-output matrices (Wei & Aaheim, 2023), dynamic stochastic general equilibrium models (Gourio, 2012;Cantelmo, Melina, & Papageorgiou, 2023), or econometric models with cross-sectional or panel data aggregated by countries, counties, cities, or individuals (Kahn, et al, 2021).…”

Macroeconomic Effects of Climate Change in an Aging World

“…The model is based on Kara and Von Thadden (2016) 9 , which is built on the model by Gertler (1999) 10 . The model assumes a more realistic demographic structure than the standard new New Keynesian model.…”