Asset Details
Do you wish to reserve the book?
Frequency of Shocks, Resilience and Shock Persistence: Evidence from Natural Disasters
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Frequency of Shocks, Resilience and Shock Persistence: Evidence from Natural Disasters
Do you wish to request the book?
Frequency of Shocks, Resilience and Shock Persistence: Evidence from Natural Disasters
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Paper
Frequency of Shocks, Resilience and Shock Persistence: Evidence from Natural Disasters
2021
Overview
Volatility persistence has important welfare consequences. In this paper, we investigate the effect on volatility persistence of the frequency of shocks for which we consider exogenous natural disasters. We find that, on average, volatility persistence is about 5 percent lower in countries that have experienced one more natural disasters per year. However, there is a non-linearity in that volatility persistence initially decreases and then increases with the frequency of natural disasters. The results are explained in terms of disaster resilience—countries that experience natural disasters frequently develop resilience that shields the economy from the destruction of natural disasters and/or expedites economic recovery. Among the factors that potentially create resilience, we find significance of its structural component.
Publisher
Federal Reserve Bank of St. Louis
Subject
We currently cannot retrieve any items related to this title. Kindly check back at a later time.