This study analyzes the macroeconomic effects of abating China's CO2 emissions by using a dynamic computable general equilibrium model of the Chinese economy. The baseline scenario for the Chinese economy is first developed. Next, we analyze the economic implications of two less restrictive...

Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs have utilized other policy instruments. This paper confirms the vulnerability of NREs...

A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what...

This paper expands our earlier analysis to examine the implications of the median value for the 2010 European Union (EU) baseline emissions derived from the four economic modelling studies for both Annex 1 countries and non-Annex 1 countries as well as for the market price of permits. Our...