Flood Risk and Firm Location Decisions in the Fed’s Second District

Oliver Zain Hannaoui, Hyeyoon Jung, Joao Santos and Lee Seltzer

No 20231114, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The intensity, duration, and frequency of flooding have increased over the past few decades. According to the Federal Emergency Management Agency (FEMA), 99 percent of U.S. counties have been impacted by a flooding event since 1999. As the frequency of flood events continues to increase, the number of people, buildings, and agriculture exposed to flood risk is only likely to grow. As a previous post points out, measuring the geographical accuracy of such risk is important and may impact bank lending. In this post, we focus on the distribution of flood risk within the Federal Reserve’s Second District and examine its effect on establishment location decisions over the last two decades.

Keywords: climate risk; flood risk; firm location (search for similar items in EconPapers)
JEL-codes: G3 Q54 R10 (search for similar items in EconPapers)
Date: 2023-11-14
New Economics Papers: this item is included in nep-ban, nep-env and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2023 ... eds-second-district/ Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednls:97304

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().