Following high profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement’s goals. Downscaled carbon budgets are a useful framework for setting local mitigation...

We develop a dynamic computational network model of the banking system where fire sales provide the amplification mechanism of financial shocks. Each period a finite number of banks offers a large, but finite, number of loans to households. Banks with excess liquidity also offer loans to other...

This paper estimates the impact and adjustment costs for Mauritius of eliminating tariffs on imports from the EU under an EPA, considering trade, revenue, welfare, production and employment effects, and considering the potential benefit of preserving preferential access to the EU market....