Series: IMF Working Papers
Author(s): Ricardo Marto , Chris Papageorgiou , and Vladimir Klyuev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 October 2017
Keywords: Debt sustainability, Disaster aid, Foreign aid, Natural Disastes, Resilience, Adaptation, Small States, International Lending and Debt Problems, Infrastructures, Fiscal and Monetary Policy in Development
We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of produc...