What is it about?
Sub-title: Focus on the Good Times. Effective budgeting for disasters occurs before the loss event. Assess risk, adopt cost-effective mitigation, and save more/consume less.
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Why is it important?
Emphasizes that welfare losses from disasters are not exogenously "given"; but rather the result of interaction between "nature" and policy.
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This page is a summary of: Budgeting for disasters, OECD Journal on Budgeting, October 2010, OECD,
DOI: 10.1787/budget-10-5kmh5h6tzrns.
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