Coping with adversity: The macroeconomic management of natural disasters.
Although the scientific evidence on whether natural disasters are becoming more frequent and more violent remains disputed, there is much less disagreement that the economic damage they inflict, in terms of the lost output and the forced migration this promotes, is large and rising. Using macroeconomic policy measures to mitigate these costs is therefore an increasingly important task in disasters-prone economies. The fundamental objective of post-disaster macroeconomic policy is to set key p...Expand abstract
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