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This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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contains several idealistic assumptions that could be violated in the real world where some technologies may not be fully … available, technology transfers and diffusion are imperfect, some world regions may not accept to reduce their GHG emissions …
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This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1)...
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