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Journal Article
To save a city
Davies, Phil (2006-09)
How far should government power extend into private markets in the wake of a disaster?
Fedgazette , Volume 18 , Issue Sep , Pages 7-10

Journal Article
After the flood: flood insurance and wetlands restoration are two policies that hold both promise and problems for flood control. Will they be able to handle the next disaster?
Clement, Douglas (2001-11)
Fedgazette , Volume 13 , Issue Nov , Pages 8-11

Working Paper
The rising tide lifts some interest rates: climate change, natural disasters, and loan pricing
Correa, Ricardo; He, Ai; Herpfer, Christoph; Lel, Ugur (2022-06-02)
We investigate how corporate loan costs are affected by climate change-related natural disasters. We construct granular measures of borrowers’ exposure to natural disasters and then disentangle the direct effects of disasters from the effects of lenders updating their beliefs about the impact of future disasters. Following a climate change-related disaster, spreads on loans of at-risk, yet unaffected borrowers, spike and are amplified when attention to climate change is high. Weaker borrowers with the most extreme exposure to these disasters suffer the highest increase in spreads. ...
International Finance Discussion Papers , Paper 1345

Working Paper
Reconstruction Multipliers
Trezzi, Riccardo; Porcelli, Francesco (2014-10-01)
Following the 2009 L'Aquila earthquake, financing of reconstruction by the Italian central government resulted in a sharp and unanticipated discontinuity in grants across municipalities that were ex-ante very similar. Using the emergency financing law as an instrument, we identify the causal effect of municipal government spending on local activity, controlling for the negative supply shock from the earthquake. In our estimates, this "reconstruction multiplier" is around unity, and we show that the grants provided public insurance. Economic activity contracted in municipalities that did not ...
Finance and Economics Discussion Series , Paper 2014-79

Journal Article
Targeted charitable giving : Good intentions, unintended consequences
Nash, Betty Joyce (2011-04)
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q2/feature1_weblinks.cfm
Econ Focus , Volume 15 , Issue 2Q , Pages 19

Journal Article
Who needs downtowns, anyway?
Davies, Phil (2006-09)
Were historic business districts worth saving? City leaders thought so.
Fedgazette , Volume 18 , Issue Sep , Pages 8

Journal Article
Rules vs. discretion: the wrong choice could open the floodgates
Buol, Jason J.; Vaughan, Mark D. (2003-01)
Anyone who sets any kind of policy can appreciate the dilemma that faces those trying to prevent construction in floodplains: Is it better to stick to the rules-no matter how harsh-or to exercise discretion under certain circumstances?
The Regional Economist , Issue Jan , Pages 10-11

Journal Article
Subsidizing sorrow
Clement, Douglas (2001-09)
Fedgazette , Volume 13 , Issue Sep , Pages 1

Journal Article
Fighting the last war: current policy neglects to anticipate the impact of floodplain development on future flood potential
Clement, Douglas (2001-11)
Fedgazette , Volume 13 , Issue Nov , Pages 11

Journal Article
Mother nature on strike
Burke, William (1977)
FRBSF Economic Letter

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