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 …

the EU. There is meanwhile a large quantitative literature on the economic effects of full integration of the associated … countries into the EU as well as on the Kyoto Protocol. However, there is a lack of quantitative research on the linkage of … trade and the environment in the context of the EU enlargement. In this paper we analyze the interactions of different …

the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member …, employment and inflation in member countries, and the cost and benefits of a cooperative approach to adhere to a EU target of … quantify the economic impact for the, EU by introducing a EU-wide tradable permit system, free of charge and based on the …

differences between Germany and other EU countries which affect the shadow price of carbon emissions. We calibrate a Melitz … how regulatory stringency evolved in the EU and Germany in terms of an implicit carbon price paid on emissions. This price … – both in Germany and other EU countries. The trend is more pronounced in Germany than in the rest of the EU. In …