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It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...
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In this paper we discuss the global negotiations now underway and aimed at achieving new climate change mitigation and … ongoing global negotiations on climate change and further rounds will almost certainly follow. We highlight both the vast … the negotiations is between OECD countries on the one hand, and lower wage, large population, rapidly growing countries …
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Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
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policy if the world economy is dynamically efficient. From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …
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The efficiency effects of carbon pricing depend on how it impacts distortions in fossil fuel markets, most notably from local air pollution externalities. By offsetting these distortions, carbon pricing may generate significant net economic benefits, so it is in countries own interests to...
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