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This study analyses the economic and political consequences of introducing a tax on the carbon content of imported goods at EU borders and whether such a tax would be compatible with WTO rules. The major findings are: 1. A CO2 border tax or import tariff would increase global welfare; 2. Such a...
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The structure of the world economy has been changing quickly during the last decade. The emerging global economy is … especially to the euro area, with a focus on the still-unresolved crisis and its position vis-à-vis the rest of the world …
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The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
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