Rebecca Mari and Matteo Ficarra. Floods are the most costly natural disaster in Europe. In the UK, they account for around GBP1.4 billion in annual losses. Yet, evidence on the macroeconomic implications is inconclusive. GDP often shows a puzzling delayed response, and prices can be pushed in opposite directions. Using a novel county level data … Continue reading Weathering the storm: the economic impact of floods and the role of adaptation
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More than 11,000 people have been confirmed dead in the devastating floods in the Libyan city of Derna. Yet mainstream media outlets would have you believe the destruction that has drawn worldwide headlines is due to climate change.
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