1. Introduction -- 2. Description of Developed Countries’ Climate Policy -- 3. Description of BRICS and Indonesia’s Climate Policy -- 4. Literature Review on Emissions Convergence -- 5. Data and Empirical Strategy -- 6. Econometric Methods -- 7. Empirical Results -- 8. PANIC Results -- 9....

In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic "growth rate of around 3 percent as a realistic prospect for the coming years" and assigns public finances an important role in the process of achieving this goal. This paper addresses the...