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six months, generating an expected net present value (NPV) of over $400 billion. A proportionate advance-investment …
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We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
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reserve currency depreciation, and forgone gains from investment and social expenditures that could be financed by these … reserve accumulation with a focus on the impact on the exchange rate, inflation, and public and private investment. While the …. -- external reserves ; exchange rate appreciation ; sub-Saharan Africa ; private and public investment ; macroeconomic …
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