Global shocks potentially distort economy's achieved equilibria. Considering the 2020 global crude oil price shock and the 2019 coronavirus disease pandemic, this study proposes an energy and environment integrated general equilibrium model to analyze the economic, energy, and environmental...

Developing-country attempts to regain macroeconomic stability through fiscal adjustment are often unsuccessful in reducing inflation and balance-of-payments (BoP) disequilibrium. This paper examines why this may be so in the light of India's experience with stabilization in response to the BoP...