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How do governments respond after catastrophes ? natural-disaster shocks and the fiscal stance (English)

Abstract

Natural disasters could constitute a major shock to public finances and debt sustainability because of their impact on output and the need for reconstruction and relief expenses. This paper uses a panel vector autoregressive model to systematically estimate...  See More +

Details

  • Melecky, Martin; Raddatz, Claudio;
  • 2011/02/01
  • Policy Research Working Paper;
  • WPS5564
  • 1
  • 1
  • EU Accession Countries
  • Europe and Central Asia
  • 2011/02/01
  • Disclosed
  • How do governments respond after catastrophes ? natural-disaster shocks and the fiscal stance
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