The E-axes Forum on Climate Change, Macroeconomics, and Finance

Rebuild or Relocate? Recovery after Natural Disasters

Co-Winner of the 2025 E-Axes Forum Research Prize

Shifrah Aron-Dine (UC Berkeley) analyzes how post‑disaster policies that prioritize rebuilding interact with household incentives, migration, and infrastructure investment, might not improve welfare and resilience.

Homeward Bound: How Migrants Seek Out Familiar Climates

Charles A. Taylor (Harvard Business School) and Marco Tabellini (Harvard Business School) introduce the concept of “climate matching” as a driver of migration and establish several new results. They show that climate strongly predicts the spatial distribution of immigrants in the US, as movers select destinations with climates similar to their place of origin.

Distributional impacts of climate change

Stéphane Hallegatte (Senior Climate Change Adviser at the World Bank) has selected his favorite papers on the distributional impacts of physical climate change.

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