Emergency government loans to small businesses following natural disasters crowd-in private debt and improve the odds of survival and growth, from Benjamin Collier, Sabrina T. Howell, and Lea Rendell nber.org/papers/w32326

Household #Financial Resilience after Severe #Climate Events: The Role of #Insurance Households affected by climate events can face a significant financing challenge, as expenses may exceed tens or even hundreds of thousands of dollars spkl.io/60144AXHO Benjamin Collier

So proud to see our paper When Insurers Exit with the amazing ⁦⁦@parisastry⁩ & ⁦Ana-Maria Tenekedjieva⁩ getting a shout out on the US Senate floor by ⁦Sheldon Whitehouse⁩! Senate Budget Committee! We quantify how climate risk poses fiscal and financial stability risks because of insurance fragility.

New property insurance data reveal higher premiums in disaster-prone areas and a stronger relationship between premiums and disaster risk, driven by rising reinsurance costs, from Ben Keys and @philipcheesy1 nber.org/papers/w32579

Around an approval discontinuity, Federal Disaster Loans causally reduces severe financial distress, decreasing bankruptcy filings by 61 percent in the 3 years after the disaster, from Benjamin Collier, Daniel A. Hartley, Ben Keys, and Jing Xian Ng nber.org/papers/w32845

Hey #econtwitter! Dropping back over to tell you about a great Wharton job candidate! Xian Ng studies whether households are able to optimize over financial products with different up-front versus sustained payments. This area often has a tradeoff b/t identification and stakes 🧵

Climate change is upending insurance markets, which threatens mortgage markets, which risks triggering a property values crash. Sheldon Whitehouse leads a hearing to highlight new data and which markets may be next to fall. WATCH ⤵️ x.com/i/broadcasts/1…