This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...

Introduction -- Real, Monetary and Fiscal Integration in the European Union: A Prototype Model of European Integration - The Case of Austria -- Trade Agreements and Regional Disparities -- Strategic Macroeconomic Policies in a Monetary Union -- Determinants of Maximum Sustainable Government Debt...