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Can oil discovery shocks affect the demand for protectionism? An intertemporal model of Dutch disease indicates that if … the tradable sector is politically dominant then an oil discovery can induce protectionism. If the economy is also credit …
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We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates, but gradual resolution of uncertainty lowers them. For...
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