This paper describes three Bolivian policy reversals on aid, trade and climate change. The standard IPE explanation for policy reversals - a change in the payoff of cooperation - often begs the question of why a small developing state might choose to restrict its global policy space in contexts...

We shed new light on the macroeconomic effects of rising temperatures. In the data, a shock to global temperature dampens expenditures in research and development (R&D). We rationalize this empirical evidence within a stochastic endogenous growth model, featuring temperature risk and growth...