The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change A Dsge Approach
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The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change A Dsge Approach
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Author : Emilio Fernández Corugedo
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-30
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change A Dsge Approach written by Emilio Fernández Corugedo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-30 with Business & Economics categories.
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a share of the public and private capital stocks and a government that can invest in adaptation at an additional cost, it adds several features that are key to the analysis, both in the near (transition) and long (steady state) terms. Those include incomplete markets, financial frictions with collateral constraints, foreign remittances, full menu of tax and government spending instruments, and endogenous climate risk premium. The model is calibrated to the case of Dominica. It finds that NDs have large and persistent negative effects on output and public finances. It also shows that adaptation investment has large returns in terms of private investment, employment, output and tax revenue in the long term, especially under climate change.
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change
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Author : Emilio Fernandez Corugedo
language : en
Publisher:
Release Date : 2023
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change written by Emilio Fernandez Corugedo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Towards Climate Resilience And Neutrality In Latin America And The Caribbean Key Policy Priorities
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2023-10-06
Towards Climate Resilience And Neutrality In Latin America And The Caribbean Key Policy Priorities written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-06 with categories.
This report identifies LAC countries’ main climate change policy priorities, which were discussed through a series of Regional Policy Dialogues and Expert Workshops and complements these with findings of recent analyses by the OECD and other international partners. It explores issues related to their implementation on climate adaptation, mitigation, and cross-cutting policy areas.
Climate Change Challenges And Opportunities In Latin America And The Caribbean
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Author : Anna Ivanova
language : en
Publisher: International Monetary Fund
Release Date : 2024-07-19
Climate Change Challenges And Opportunities In Latin America And The Caribbean written by Anna Ivanova and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-19 with Business & Economics categories.
The analysis in the book suggests that LAC countries are facing substantial challenges related to climate change but have tools at their disposal to seize the opportunities that the climate change presents. To maximize opportunities and minimize the risks LAC countries will need to improve flexibility and adaptability of their economies. Policies aimed at supporting the reallocation of labor and capital across sectors, investing in basic skills and human capital, improving transparency and economic governance to encourage investment in technology and know-how, and creating fiscal space to manage the climate transition would help LAC countries position themselves to take advantage of the opportunities afforded by the climate transition.
Handbook Of The Economics Of Climate Change
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Author :
language : en
Publisher: Elsevier
Release Date : 2024-12-10
Handbook Of The Economics Of Climate Change written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-10 with Social Science categories.
The new Handbook of the Economics of Climate Change Volume 1 provides readers from a broad range of backgrounds – including students, researchers, policy-makers, and practitioners – with a central reference for core elements the economics of climate change: Integrated Climate-Economic Modeling, Empirical Approaches to Climate Change Impact Quantification, Discounting, Mitigation Costs, Adaptation, Climate Policy Options, International Cooperation, and Uncertainty. Leading scholars present timely and accessible overviews on each of these topics, providing interested readers with a broad understanding of key issues and engaged scholars with a foundation for embarking on research in this field. - Introduces core topics in climate economics to researchers, graduate students, policy makers, and practitioners. - Covers how climate economics questions are addressed with diverse methodological approaches including applied microeconometrics, game theory, industrial organization, and quantitative macroeconomics. - Provides up-to-date overviews of modern climate economics research prepared by leading experts in the field.
Belize
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-15
Belize written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-15 with Business & Economics categories.
Belize: Selected Issues
Jamaica
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-07
Jamaica written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-07 with Business & Economics categories.
Jamaica has built a strong track record of investing in institutions and prioritizing macroeconomic stability. This aided the country to adapt to the difficult global environment of the past few years. The authorities provided targeted support to the economy during the pandemic but promptly scaled it back as conditions normalized. Similarly, in the wake of the war in Ukraine, domestic food and energy prices were left to adjust to shifts in international markets while targeted support was provided to the poor. The economy is expected to continue its post-COVID recovery, with inflation returning to the central bank’s target range by end-2023. The outlook is subject to downside risks from potential new COVID waves, higher commodity prices, a global slowdown, and tighter than expected global financial conditions.
Peru
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-21
Peru written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-21 with Business & Economics categories.
Peru: Selected Issues
Climate And Cross Border Migration
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Author : Paula Beltran
language : en
Publisher: International Monetary Fund
Release Date : 2023-12-08
Climate And Cross Border Migration written by Paula Beltran and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-08 with Business & Economics categories.
Our work is positioned at the intersection of migration and climate change—two key forces shaping the economic outlook of many countries. The analysis explores: (i) the relative importance of origincountry vs destination-country factors in explaining migration patterns; (ii) importance of climate disasters as driver of cross-border migration; and (iii) the importance of climate-driven migration on the overall impact of climate on macroeconomic outcomes. It arrives at the following main findings. First, both origin-country and destination-country contribute to explaining migration outflows from EMDEs, although only the global shocks seem important for advanced economies. Second, climate disasters are important for explaining the origincountry migration shocks in LICs and EMDEs, are especially relevant for smaller countries, and lead to migration of both genders, albeit relatively more for males out of LICs. Third, important portion of climate’s overall impact on economic outcomes—especially agricultural GDP, remittances, and inequality—is captured via climate-driven migration. Finally, higher investment in climate-resilient infrastructure can reduce the impact of climate on cross-border migration, and thereby, result in potentially important economic gains.
A User Manual For The Dignad Toolkit
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Author : Mr. Zamid Aligishiev
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-05
A User Manual For The Dignad Toolkit written by Mr. Zamid Aligishiev and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-05 with Business & Economics categories.
This note is a user’s manual for the DIGNAD toolkit, an application aimed at facilitating the use of the DIGNAD model (Debt-Investment-Growth and Natural Disasters) by economists with no to little knowledge of MATLAB and Dynare via a user-friendly Excel-based interface. DIGNAD is a dynamic general equilibrium model of a small open economy developed at the International Monetary Fund. The model can help economists and policymakers with quantitative assessments and policy scenario analysis of the macrofiscal effects of natural disasters and adaptation infrastructure investments in low-income developing countries and emerging markets. DIGNAD is tailored to disaster-prone countries, which typically are small countries or low-income countries that are particularly exposed to large climate shocks—countries where shocks that can disrupt the entire economy are frequent. However, DIGNAD can be relevant also for larger countries that may potentially be exposed to extreme climatic disasters in the future.