Abstract
New Zealand is obviously exposed to many kinds of disasters, including those arising from natural hazards, such as earthquakes or cyclones, but also to risks that we have yet to experience or quantify.
Join this talk by Professor Ilan Noy, Chair in Economics of Disasters and Climate Change (Victoria University of Wellington), which will focus on several questions related to the costs and consequences of such shocks, in the New Zealand context. How are these costs and consequences changing and how will they continue to change? What could be some of the most significant risks we are currently ignoring? How can we identify and quantify them? What kinds of costs and consequences are we not paying enough attention to? What may be some of the lowest-hanging policy fruits for adapting to these risks?
This will be a hybrid event, and we encourage you to attend it in person for an opportunity to engage in a discussion on all those issues with our guest speaker.
About the presenter
Ilan Noy is the Chair in the Economics of Disasters and Climate Change - Te Āwhionukurangi, at Te Herenga Waka - Victoria University of Wellington.
His research and teaching focus on the economic aspects of natural hazards, disasters, and climate change, and other related topics in environmental, development, and international economics. He is also the founding Editor-in-Chief of the journal Economics of Disasters and Climate Change.
He previously worked at the University of Hawai'i, and has consulted for the World Bank, the Asian Development Bank, the Inter-American Development Bank, OECD, UNDRR, the IMF, and ASEAN.
Material and video recording
A transcript and captions will be available in due course.
Fiscal Policy for the Future seminar series
New ideas, innovative concepts, research evidence and expert advice are all crucial to stimulate and inform the Treasury's economic analysis and advice. Our current theme for guest lectures - Fiscal Policy for the Future - explores the role of stabilising, sustainable and effective fiscal policy. Speakers will provide insights into how fiscal policy can be designed to support government to meet its current and future objectives and obligations while adapting to changing circumstances and delivering value to the New Zealand public.
Fiscal policy has a stabilising role in helping to smooth the business cycle, while sustainability in fiscal policy is foundational for resilience to both shocks and longstanding challenges, such as climate change, technological advancements and demographic trends. Ensuring effective and value for money expenditure is important so that fiscal policy contributes to the living standards of New Zealanders, both now and in the future.