Modeling aggregate economic risk: An introduction

Mechler, R. ORCID: (2013). Modeling aggregate economic risk: An introduction. In: Integrated Catastrophe Risk Modeling: Supporting Policy Processes. Eds. Amendola, A, Ermolieva, T, Linnerooth-Bayer, J, & Mechler, R ORCID:, Dordrecht: Springer. 10.1007/978-94-007-2226-2_6.

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Not only can disasters directly cause immense human suffering and loss, they may also lead to large medium- and long-term indirect microeconomic (household, business level) as well as macroeconomic (nation-wide) consequences. In this second section of the book, we focus on the aggregated or macroeconomic impacts of disasters, which include effects on gross domestic product, consumption, savings, investment and inflation, as well as the reallocation of resources to relief and reconstruction. Based on statistical and model-based analyses, studies have shown that these impacts can be significant in many instances.

Item Type: Book Section
Uncontrolled Keywords: Country level disaster risk; Macroeconomic analysis; Economic growth; Fiscal vulnerability; Multi-risk assessment
Research Programs: Risk, Policy and Vulnerability (RPV)
Risk & Resilience (RISK)
Bibliographic Reference: In: A Amendola, T Ermolieva, J Linnerooth-Bayer, R Mechler (Eds); Integrated Catastrophe Risk Modeling: Supporting Policy Processes; Springer, Dordrecht, Netherlands pp.95-102
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Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:49
Last Modified: 27 Aug 2021 17:23

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