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The Confounding Economics of Natural Disaster Shocks

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Something seems to be amiss with the way standard economics views the outcomes of natural disasters.  This post i placed in OECD Insights and in Earth Magazine discusses some of the puzzles posed by the interaction between extreme events and different societies.

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Collage of Turkiye beach scene and Columbia University Campus with text: UN Climate Change Conference COP31, Antalya, Turkiye, Nov 9-20, 2026

COP31, the 2026 United Nations Climate Change Conference, aims to advance dialogue, strengthen consensus, and accelerate climate action on a global scale. From November 9–20, 2026 in Antalya, Türkiye, heads of state, ministers, scientists, business leaders, and civil society will gather to advance efforts in emission targets, climate finance, and adaptation and resilience. Once again, our experts, students, and global thought leaders from Columbia Climate School and across Columbia University are contributing to key events, sharing insights, and helping shape the dialogue toward ambitious, science-based solutions. Learn More

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