This paper reviews a range of issues relating to tradeable carbon dioxide quotas. It considers the economic principles on which they are based, compares them with alternative carbon abatement policies, and reviews many aspects of how tradeable quotas would be implemented in practice ...

Sectors with increasing returns to scale have been shown to amplify business cycles exhibiting more volatility than others. Our hypothesis is that this volatility could be a cause of the rdquo;'jobless recoveryquot; suggesting policies for employment generation. To test this hypothesis we...

Sir, Iraq is not Vietnam. Different times, different places and different geopolitics. Yet both whisper a warning about the difficulties of taming developing nations that defy our values and views of social progress: the cost may be too high

We seek to explain the economic volatility of the last 6 years, in particular the rapid expansion and contraction of the knowledge sectors. Our hypothesis is that these sectors amplify the business cycle due to their increasing returns to scale, growing faster than others in an upswing and...