Using a three-equation New Keynesian model we find that incorporating an escape clause (EC) into Forward Guidance (FG …

Using a three-equation New Keynesian model we find that incorporating an escape clause (EC) into Forward Guidance (FG …

abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause policy …

abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause policy …

offer a novel proposal that entitles countries to discharge their treaty obligations by paying a “fine”. This escape clause …

abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause policy …

offer a novel proposal that entitles countries to discharge their treaty obligations by paying a “fineâ€. This escape … clause provides cost insurance, simplifies the problem of enforcing compliance, and increases incentives to participate in …