The Economic and Policy Consequences of Catastrophes

Robert S. Pindyck, Neng Wang

NBER Working Paper No. 15373
Issued in September 2009, Revised in October 2012

---- Acknowledgements ----

We thank Ben Lockwood and Jinqiang Yang for their outstanding research assistance, and Robert Barro, Patrick Bolton, Hui Chen, Pierre Collin-Dufresne, Chaim Fershtman, Itzhak Gilboa, Fran¸cois Gourio, Chad Jones, Dirk Krueger, Lars Lochstoer, Greg Mankiw, Jim Poterba, Julio Rotemberg, Suresh Sundaresan, two anonymous referees, and seminar participants at Columbia, Hebrew University of Jerusalem, M.I.T., the NBER, and Tel-Aviv University for helpful comments and suggestions. The authors declare that they have no relevant or material financial interests that relate to the research described in this paper. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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