In this article, we review the literature studying interactions between climate change and
financial markets. We first discuss various approaches to incorporating climate risk in …

We review findings from the last decade of research on the effects of disasters, concentrating
on three important themes: the differences between the recovery of places versus people …

Climate change impacts threaten the stability of the US housing market. In response to
growing concerns that increasing costs of flooding are not fully captured in property values …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably
equivalent unexposed properties equidistant from the beach. This discount has grown over …

We show that housing markets provide information about the appropriate discount rates for
valuing investments in climate change abatement. Real estate is exposed to both …

We investigate carbon risk in global equity prices. We develop a measure of carbon risk
using industry standard databases and study return differences between brown and green …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

Applying a difference-in-differences framework to a census of residential property
transactions in New York City 2003–17, we estimate the price effects of three flood risk …

Using the government-sponsored enterprises' sharp securitization rules, this paper provides
evidence that, in the aftermath of natural disasters, lenders are more likely to approve …