This paper considers the impact on growth and convergence in the EU over the last 20 years of investment in human capital. It examines the current adjustment of a range of economies to the external imbalances at the beginning of the current crisis. Finally it considers how the adjustments under...

A simulation model of international tourist flows is used to estimate the impact of including carbon dioxide emissions from aviation fuels in the European Trading System. The effect on global carbon dioxide emissions from international aviation is minimal: -0.01% at current permit prices, and...