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Modeling Aggregate Economic Risk: An Introduction

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Integrated Catastrophe Risk Modeling

Part of the book series: Advances in Natural and Technological Hazards Research ((NTHR,volume 32))

Abstract

Not only can disasters directly cause immense human suffering and loss, they may also lead to large medium- and long-term indirect microeconomic (household, business level) as well as macroeconomic (nation-wide) consequences. In this second section of the book, we focus on the aggregated or macroeconomic impacts of disasters, which include effects on gross domestic product, consumption, savings, investment and inflation, as well as the reallocation of resources to relief and reconstruction. Based on statistical and model-based analyses, studies have shown that these impacts can be significant in many instances.

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Author information

Authors and Affiliations

  1. Risk, Policy and Vulnerability (RPV) Program, International Institute for Applied Systems Analysis (IIASA), Schlossplatz 1, A-2361, Laxenburg, Austria

    Reinhard Mechler

Authors
  1. Reinhard Mechler
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Correspondence to Reinhard Mechler .

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Editors and Affiliations

  1. Risk, Policy and Vulnerability (RPV) Program, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria

    Aniello Amendola , Joanne Linnerooth-Bayer  & Reinhard Mechler ,  & 

  2. Ecosystems, Services and Management (ESM) Program, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria

    Tatiana Ermolieva

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Mechler, R. (2013). Modeling Aggregate Economic Risk: An Introduction. In: Amendola, A., Ermolieva, T., Linnerooth-Bayer, J., Mechler, R. (eds) Integrated Catastrophe Risk Modeling. Advances in Natural and Technological Hazards Research, vol 32. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-2226-2_6

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