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008    231013s2023    dcu     o     000 0 eng d
024 7  10.1596/1813-9450-10298
035    (CKB)5840000000243525
035    (NjHacI)995840000000243525
035    (EXLCZ)995840000000243525
040    NjHacI |beng |erda |cNjHacl
050  4 GB5014 |b.M555 2023
082 04 363.34 |223
100 1  Milivojevic, Lazar, |eauthor.
245 10 Natural Disasters and Fiscal Drought / |cLazar Milivojevic.
264  1 Washington : |bWorld Bank, |c2023.
300    1 online resource (27 pages).
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
490 1  Policy research working papers
588    Description based on publisher supplied metadata and other sources.
520    This paper examines to what extent slowdowns in economic growth after natural disasters are accompanied by widening fiscal deficits and corresponding pressures on public debt. Empirical analysis based on exogenous measures of physical disaster intensity shows that natural disasters lead not only to output losses but also to further deterioration of countries' fiscal positions. The effects are persistent and driven by developments in emerging markets and developing economies. A dynamic stochastic general equilibrium model is used to show the propagation mechanism of an extreme event that affects agricultural productivity. The model features farmers endowed with land with time-varying productivity subject to economic and weather conditions. Simulation results illustrate the climate-fiscal nexus existence and highlight the role of structural resilience in limiting the impact of natural disasters.
650  0 Natural disasters.
650  0 Agriculture.
630 00 Climate change.
830  0 Policy research working papers.
906    BOOK