New York Fed: 'Clustering in Natural Disaster Losses'
November 26, 2024
November 26, 2024
NEW YORK, Nov. 26 (TNSres) -- The Federal Reserve Bank of New York issued the following staff report (No. 1135) in November 2024 by Jacob Kim-Sherman and Lee Seltzer entitled "Clustering in Natural Disaster Losses."
Here are excerpts:
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In contrast with findings in climate science, economists often treat losses from natural disasters as statistically independent of one another. To better incorporate scientific insights into economic research, . . .
Here are excerpts:
* * *
In contrast with findings in climate science, economists often treat losses from natural disasters as statistically independent of one another. To better incorporate scientific insights into economic research, . . .