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Fiscal Responses after Catastrophes and the Enabling Role of Financial Development

Martin Melecky and Claudio Raddatz.

in The World Bank Economic Review

February 2015; p ublished online January 2014 .

Journal Article. Subjects: Environmental Economics; National Government Expenditures and Related Policies; National Budget, Deficit, and Debt; Prices, Business Fluctuations, and Cycles. 8721 words.

Natural disasters may constitute a major shock to public finances and debt sustainability because of their impact on output and the need for government response with reconstruction and...

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