Publication:
Fiscal Policy’s Role in Economic Resilience to Climate Shocks

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dc.contributor.authorRezai, Armon
dc.contributor.authorRuch, Franz
dc.contributor.authorChoudhary, Rishabh
dc.contributor.authorFrancois, John Nana Darko
dc.date.accessioned2024-11-22T19:23:40Z
dc.date.available2024-11-22T19:23:40Z
dc.date.issued2024-11-22
dc.description.abstractThe impacts of climate change on developing economies are becoming increasingly severe, creating challenges for risk management and requiring enhanced levels of resilience. This paper explores how to mitigate the effects of such climate shocks on developing economies, placing a particular focus on the role fiscal policy in creating and strengthening an economy’s resilience. Using data on natural disasters, the analysis shows that economies with constrained fiscal space experience more pronounced negative effects. In an application to a small open economy, the paper tests the presence of the non-linearity of short- and long-run disaster impacts in the World Bank’s macroeconomic and fiscal model and illustrates the importance of fiscal policy in mitigating shocks.en
dc.identifierhttp://documents.worldbank.org/curated/en/099633511212418911/IDU12084ad28174ab14d0b196c81942f2fd325a5
dc.identifier.doi10.1596/1813-9450-10982
dc.identifier.urihttps://hdl.handle.net/10986/42456
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10982
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFISCAL POLICY
dc.subjectECONOMIC RESILIENCE
dc.subjectCLIMATE
dc.subjectNATURAL DISASTERS
dc.titleFiscal Policy’s Role in Economic Resilience to Climate Shocksen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleFiscal Policy’s Role in Economic Resilience to Climate Shocks
okr.date.disclosure2024-11-22
okr.date.doiregistration2025-04-07T08:22:45.644924Z
okr.date.doiregistration2025-04-08T16:10:51.778854Z
okr.date.doiregistration2025-04-09T03:01:16.613263Z
okr.date.lastmodified2024-11-21T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099633511212418911/IDU12084ad28174ab14d0b196c81942f2fd325a5
okr.guid099633511212418911
okr.identifier.docmidIDU-2084ad28-74ab-4d0b-96c8-942f2fd325a5
okr.identifier.doi10.1596/1813-9450-10982
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10982
okr.identifier.externaldocumentum34426060
okr.identifier.internaldocumentum34426060
okr.identifier.reportWPS10982
okr.import.id5852
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099633511212418911/pdf/IDU12084ad28174ab14d0b196c81942f2fd325a5.pdfen
okr.region.geographicalWorld
okr.topicGovernance::National Governance
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicEnvironment::Environmental Economics & Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitProsperity-Econ Pol-Mac/Fis-Tax (EMFTX)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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