We trace the linkages between the episodes of fiscal expansion and consolidation in 72 advanced and emerging and developing economies. The findings suggest that fiscal expansions are positively associated with economic growth, which in turn is positively linked with better sustainable...

This is an updated and extended version of the University of Luxembourg Law Working Paper 2020-008 of 02/10/2020 (https://ssrn.com/abstract=3597657) which puts the European policy response to COVID-19 into context with the European sustainable finance action plan.This chapter argues that the...

This paper quantifies the macroeconomic impacts of the Clean Development Mechanism (CDM) under the Kyoto Protocol based on a computable general equilibrium (CGE) model of international trade and energy use. Employing project-based CDM supply data we assess the relative importance of transaction...