We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and carbon taxes. We find that an increase in prices of ETS...

Cross-border supply chains and international trade enabled the manufacturing and delivery of billions of vaccine doses to inoculate the world against COVID-19. At the same time, the pandemic revealed how the World Trade Organization (WTO) must change to become more useful in the face of a public...

This study empirically demonstrates that there is indeed a positive relationship between trade and peace, by specifically showing that the physical state of peace and the structural elements of peace contribute to a country’s WTO membership, while WTO accession also contributes to achieving...

Scholarly literature abounds with the exposition of the role of preferential trade agreements (PTAs) in enhancing or reducing global economic welfare, specifically in the context of the WTO. However, the bulk of it is written by economists and predominantly confined to economic analysis....

There is no situation where Nepal can isolate itself from the current rapid globalization and the mainstream of the world economy. That's why Nepal has to join the WTO sooner or later, which is currently the mainstream of world trade. However, whether our economy can meet the conditions and...

On 17 June 2022, after nearly one and a half years of intense debate concerning the proposal to waive IP protection in view of the COVID-19 pandemic, the Ministerial Conference of the World Trade Organization adopted a decision on the TRIPS Agreement. It has not waived any intellectual property...

In October 2020, India and South Africa submitted an unprecedented proposal to the WTO, calling for the partial suspension of the TRIPS Agreement to facilitate the "prevention, containment or treatment of COVID-19." Although this proposal immediately received considerable support from other WTO...

With its narrow focus on price-based policies and ‘explicit’ carbon prices, the EU carbon border adjustment mechanism (CBAM) aims to prevent carbon leakage by ensuring that imported products ‘bear’ the same exact economic costs ‘borne’ by EU products. The proposed US border carbon...