What Is Natural Disaster Clustering—and Why Does It Matter for the Economy? (opens in new tab)

Understanding the economic and financial consequences of natural disasters is a major concern for researchers and policymakers. The way in which overlapping natural disaster systems interact, as exemplified by the recent fires in Los Angeles being exacerbated by strong winds, is a major area of study in environmental science but has received comparatively little attention in the economics literature. Examining these potential interactions would likely be important for financial institutions, ...