Under the Kyoto Protocol to the Climate Convention Parties may participate in international emissions trading. For individual Parties this raises the question of whether to implement domestic emissions trading regimes in order to ease the transition process to an international regime. The...

This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and...