This paper examines the aggregate net costs and individual country cost savings of greenhouse gas emissions trading among Pacific Rim countries. We propose emission permit allocation rules designed to entice developing countries to participate. Absence of developing country involvement has...

The recent Conference of the Parties to the UN Framework Convention on Climate Change (COP21) resulted in voluntary greenhouse gas (GHG) reduction commitments by 195 countries. The purpose of this paper is to analyze the equity implications of this “bottom-up” approach to climate change...

We apply the GTAP multi-country computable general equilibrium (CGE) model to analyze the economic impacts of the major disruptions of exports of grains and metals from the combatants of the Ukraine War on their own economies and those of others. The simulation results indicate that these...

We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports. We apply a dynamic computable general equilibrium model adept at estimating total direct and indirect effects and their time-path. Initial stimulus bills, including the CARES...

States and regional organizations have been in the forefront of programs to address climate change in the United States. The Supreme Court's decision in Massachusetts v. Environmental Protection Agency means that a strong federal response is now also inevitable. Expeditious implementation of a...