NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Disaster Risk and Asset Returns: An International Perspective

Karen K. Lewis, Edith X. Liu

NBER Working Paper No. 23065
Issued in January 2017

---- Acknowledgments ----

For useful comments and suggestions, we thank Charles Engel, Mick Devereux, an anonymous referee, and participants at the 2016 International Seminar on Macroeconomics, the International Conference on Capital Markets at INSEAD, and the Wharton International Finance group meeting. We are also indebted to Jessica Wachter for helpful conversations, and to Robert Barro for providing us with the asset return data. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Federal Reserve Board. Any errors or omissions are our responsibility. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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