Macroeconomic Risk Management Against Natural Disasters

Analysis focussed on governments in developing countries

  • Authors
  • Stefan¬†Hochrainer

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Pages 1-8
  3. Pages 145-168
  4. Back Matter
    Pages 175-201

About this book


Natural disasters cause considerable economic damage. While developed countries usually are able to cope with the impacts of natural hazards, developing countries are faced with severe consequences for their resources. In order to prevent long-term macroeconomic repercussions, governments need a comprehensive disaster risk management strategy.

Stefan Hochrainer develops a catastrophe risk management model. It illustrates which trade-offs and choices a country must make in managing economic risks due to natural disasters. Budgetary resources are allocated to pre-disaster risk management strategies to reduce the probability of financing gaps. The framework and model approach allows cross country comparisons as well as the assessment of financial vulnerability, macroeconomic risk, and risk management strategies. Three case studies demonstrate its flexibility and coherent approach.


Catastrophe modelling Developing Countries Financing Government, public sector Macroeconomic consequences Natural disaster risk management Pro-active instruments simulation

Bibliographic information