The Paris Agreement on climate change and the Sustainable Development Goals (SDGs), both agreed in 2015, provide a new basis for international cooperation and development. In the two agreements, there is now a common platform for the next phase of the fight against poverty. The SDGs make it...

Economic research that opposes the strategy of strong and urgent reductions in greenhouse gas emissions often makes the observation, misleadingly, that while scientists, environmentalists, politicians and others would favour strong action, economists would not. Drawing on the Stern Review on the...

A global target of stabilizing greenhouse-gas concentrations at between 450 and 550 parts per million carbon-dioxide equivalent (ppm COe) has proven robust to recent developments in the science and economics of climate change. Retrospective analysis of the Stern Review (2007) suggests that the...

A global target of stabilising greenhouse gas concentrations at between 450ppm CO2e and 550ppm CO2e has proven robust to recent developments in the science and economics of climate change. Retrospective analysis of the Stern Review indicates that the risks were underestimated, suggesting a...

The EBRD is a unique institution with an inspiring and challenging mandate. I look back on the six years I spent with you as a most productive and cheerful period of my working life. And it is a great honour to give a lecture bearing the name of Jacques de Larosiere. Like many of you, I learned...

Those who deny the importance of strong and urgent action on climate change essentially offer one of, or a combination of, the following arguments. First, there are those who deny the scientific link between human activities and global warming; most people, and the vast majority of scientists,...

In this paper we examine the main challenges in promoting an effective market economy. While the paper ranges widely across the spectrum of economic institutions and policies, the central theme is the importance of macroeconomic stability for economic growth in the medium and long run....

We are very sad to report that Professor Sir Tony Atkinson died on the first of January, 2017, at the age of 72. Tony Atkinson was an extraordinarily distinguished academic whose works changed our understanding of poverty, inequality, mobility, public policy, and economic growth. His...