This paper uses NIESR’s global econometric model, NiGEM, to analyse possible adjustment paths for the US current account, if its current level of 6 per cent of GDP proves unsustainable. Nominal exchange rate shifts have only a transitory impact on current account balances, so any long-term...

From its initial focus on minimizing waste generation, the circular economy has evolved into a broad-based approach to make resource use more sustainable. A big part of the appeal of a circular economy is the opportunities it creates not only for resource savings and better human health and...

Overview / Christophe Bellmann and Jonathan Hepburn -- The historical context of the green box / Néstor Stancanelli -- Doha Round negotiations on the green box and beyond / Jonathan Hepburn and Christophe Bellmann -- The reform of the EU's Common Agricultural Policy / Alan Swinbank -- Farm...