Recent years, there have been increasing interests in effects of oil shocks on economy. However, much researches up to now are mostly restricted in comparisons among regional economies, intermediate transmissions of oil price shocks on economy are almost ignored. Applying Bayesian vector...

Carbon-based border tax adjustments (BTAs) have recently been proposed by some OECD countries to level the carbon playing field and target major emerging economies. This paper applies a multi-sector dynamic computable general equilibrium (CGE) model to estimate the impacts of the BTAs...