I discuss the need for trade models to incorporate endogenous trade imbalances both to more adequately capture the reality of a global economy with large imbalances and pressures from the financial crisis for countries to reduce imbalances. Conventional general equilibrium trade models...

In this symposium, three papers are presented which bear on issues relating to global climate change policy, and more specifically on the conduct of international negotiations, whose origins lie in the Earth Summit of 1990 and the following UNFCCC negotiations.