Xiao, Bowen; Guo, Xiaodan; Fan, Ying; Voigt, Sebastian; … - 2020
production sectors, bilateral climate policies, asymmetric economies, and asymmetric stochastic shocks, using China and the EU as … spillover effects depends partly on different climate policies. This means that, in terms of supply-side shocks, the EU …-side shocks have a stronger impact on the EU's economy under a separate carbon market. Third, the Ramsey policy rule revealed that …