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 From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …

Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in … the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not …

Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …

This paper studies the formation of self-enforcing global environmental agreements in a world economy with …