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...

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...

Growth and International Trade: Introduction and Stylized Facts -- PART I. GROWTH -- Modeling the Growth of the World Economy: The Basic Overlapping Generations Model -- Steady State, Factor Income, and Technological Progress -- Economic Growth and Public Debt in the World Economy -- “New“...