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Disaster risk and preference shifts in a New Keynesian model

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Figure

Table 1 summarizes our main calibration values. We follow the literatureestimating disasters on historical data
Table 1: Baseline calibration values (quarterly)
Table 2: Steady-state values
Figure 1: Responses (in percentage change) to a rise in θ from 0.9% to 1%(ζ = 0 and EIS = 2).
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