Hurricane forecasts are critical to government agencies that plan both pre- and post-landfall storm responses. More accurate forecasts enable these agencies to devote resources to the locations where they will matter most. In The Social Value of Hurricane Forecasts (NBER Working Paper 32548), Renato Molina and Ivan Rudik estimate how improvements in weather forecast accuracy between 2007 and 2020 affected the average cost of pre-landfall protective spending and post-landfall damages and recov...
