Warwick J. Mckibbin

Brookings Discussion Papers In International Economics (2007)

This paper explores the global impact of financial market liberalization by countries in the Asia Pacific region. Almost all studies of liberalization by these economies have focused on the impacts...

No Reducing Coal, Kym Anderson, Kym Anderson, Warwick J. Mckibbin, Warwick J. Mckibbin

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

and The Brookings Institution with (2007)

Warwick J. Mckibbin, Tomas Bok

Mobility Programme of the Europen Community. The authors thank participants at the ESRC conference and the Warwick University Summer Workshop for comments. The views expressed are those of the author...

The Prime Ministerial Task Group on Emissions Trading (2007)

Reply to Quiggin and Robson (2007)

Article in 'Agenda - Volume 14, Number 3'

Growth, energy use and greenhouse gas emissions in China (2006)

Article in 'Agenda - Volume 14, Number 3'

Long run projections for climate change scenarios (2004)

Chapter 17 of 'The Turning Point in China’s Economic Development'

McKibbin, Warwick J., Pearce, David, Stegman, Alison

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

Long run projections for climate change scenarios (2004)

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

McKibbin, Warwick J., Pearce, David, Stegman, Alison

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

McKibbin, Warwick J., ASARC, RSPAS

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

McKibbin, Warwick J, ASARC, RSPAS

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

Long run projections for climate change scenarios (2004)

McKibbin, Warwick J., Pearce, David, Stegman, Alison, Economics And Environment Network

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

Long run projections for climate change scenarios (2004)

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

McKibbin, Warwick J., Pearce, David, Stegman, Alison

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

Long run projections for climate change scenarios (2004)

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

McKibbin, Warwick J., Pearce, David, Stegman, Alison

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

Introduction: The purpose of this paper is to provide an assessment of the global economic impacts of the SARS disease. We update our estimates from the earlier version of this paper dated May 2003,...

Introduction: The purpose of this paper is to provide an assessment of the global economic impacts of the SARS disease. We update our estimates from the earlier version of this paper dated May 2003,...

Lee, Jong-Wha, McKibbin, Warwick J, Economics, RSPAS

Introduction: The purpose of this paper is to provide an assessment of the global economic impacts of the SARS disease. We update our estimates from the earlier version of this paper dated May 2003,...

Introduction: The purpose of this paper is to provide an assessment of the global economic impacts of the SARS disease. We update our estimates from the earlier version of this paper dated May 2003,...

Introduction: The purpose of this paper is to provide an assessment of the global economic impacts of the SARS disease. We update our estimates from the earlier version of this paper dated May 2003,...

The Kyoto Protocol represents nearly a decade of international effort to reduce carbon emissions. While the treaty is the product of enormous international political effort, it is yet to be ratified...

The Kyoto Protocol represents nearly a decade of international effort to reduce carbon emissions. While the treaty is the product of enormous international political effort, it is yet to be ratified...

The Kyoto Protocol represents nearly a decade of international effort to reduce carbon emissions. While the treaty is the product of enormous international political effort, it is yet to be ratified...

The Kyoto Protocol represents nearly a decade of international effort to reduce carbon emissions. While the treaty is the product of enormous international political effort, it is yet to be ratified...

The Kyoto Protocol represents nearly a decade of international effort to reduce carbon emissions. While the treaty is the product of enormous international political effort, it is yet to be ratified...

Early action climate change policy for all countries (2000)

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Designing a realistic climate change policy that includes developing countries (2000)

[Conclusion]: The key objective for those interested in promoting responsible climate change policy is to allow each country runs its program – without depending on other countries – but within...

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralized...

The next step for climate change policy after COP5 (2000)

Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple...

Introduction: The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), which was negotiated in Kyoto in December 1997, is yet to be ratified. There are still many...

Early action climate change policy for all countries (2000)

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Designing a realistic climate change policy that includes developing countries (2000)

[Conclusion]: The key objective for those interested in promoting responsible climate change policy is to allow each country runs its program – without depending on other countries – but within...

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralized...

The next step for climate change policy after COP5 (2000)

Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (2000)

Introduction: The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), which was negotiated in Kyoto in December 1997, is yet to be ratified. There are still many...

McKibbin, Warwick J., Economics And Environment Network

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Early action climate change policy for all countries (2000)

McKibbin, Warwick J., Economics And Environment Network

[Conclusion]: The key objective for those interested in promoting responsible climate change policy is to allow each country runs its program – without depending on other countries – but within...

Designing a realistic climate change policy that includes developing countries (2000)

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralized...

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple...

The next step for climate change policy after COP5 (2000)

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

Introduction: The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), which was negotiated in Kyoto in December 1997, is yet to be ratified. There are still many...

Early action climate change policy for all countries (2000)

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Designing a realistic climate change policy that includes developing countries (2000)

[Conclusion]: The key objective for those interested in promoting responsible climate change policy is to allow each country runs its program – without depending on other countries – but within...

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralized...

The next step for climate change policy after COP5 (2000)

Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (2000)

Introduction: The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), which was negotiated in Kyoto in December 1997, is yet to be ratified. There are still many...

Early action climate change policy for all countries (2000)

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Designing a realistic climate change policy that includes developing countries (2000)

[Conclusion]: The key objective for those interested in promoting responsible climate change policy is to allow each country runs its program – without depending on other countries – but within...

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralized...

The next step for climate change policy after COP5 (2000)

Conclusion: The system we advocate is flexible enough to adapt to changing political, economic and climate circumstances. Most importantly, we believe that the system we have designed although simple...

Permit trading under the Kyoto Protocol and beyond (1999)

Introduction: The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), which was negotiated in Kyoto in December 1997, is yet to be ratified. There are still many...

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

Conclusion: We have provided evidence from a global economics model, that if the Kyoto Protocol can be made binding there is likely to be a reduction in greenhouse gas emissions at relatively low...

Emissions trading, capital flows and the Kyoto Protocol (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

McKibbin, Warwick J., Ross, Martin T., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Permit trading under the Kyoto Protocol and beyond (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Emissions trading, capital flows and the Kyoto Protocol (1999)

Conclusion: We have provided evidence from a global economics model, that if the Kyoto Protocol can be made binding there is likely to be a reduction in greenhouse gas emissions at relatively low...

McKibbin, Warwick J., Ross, Martin T., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

McKibbin, Warwick J., Economics And Environment Network

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Permit trading under the Kyoto Protocol and beyond (1999)

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

Conclusion: We have provided evidence from a global economics model, that if the Kyoto Protocol can be made binding there is likely to be a reduction in greenhouse gas emissions at relatively low...

Emissions trading, capital flows and the Kyoto Protocol (1999)

McKibbin, Warwick J., Ross, Martin T., Shackleton, Robert, Wilcoxen, Peter J., Environment And Economics Network

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

Permit trading under the Kyoto Protocol and beyond (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Emissions trading, capital flows and the Kyoto Protocol (1999)

Conclusion: We have provided evidence from a global economics model, that if the Kyoto Protocol can be made binding there is likely to be a reduction in greenhouse gas emissions at relatively low...

McKibbin, Warwick J., Ross, Martin T., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

An Early Action Proposal with Known Costs: A Sensible and Realistic Option for Emissions Trading in Australia (1999)

An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Permit trading under the Kyoto Protocol and beyond (1999)

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Emissions trading, capital flows and the Kyoto Protocol (1999)

Conclusion: We have provided evidence from a global economics model, that if the Kyoto Protocol can be made binding there is likely to be a reduction in greenhouse gas emissions at relatively low...

McKibbin, Warwick J., Ross, Martin T., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J, Shackleton, Robert, Wilcoxen, Peter J

We use an econometrically estimated multi-region, multi-sector equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

What to expect from an International System of Tradeable Permits for Carbon Emissions (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to...

International permit trading: creating a sustainable system (1998)

The McKibbin-Wilcoxen proposal for global greenhouse abatement (1998)

Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with...

Macroeconomic volatility in general equilibrium (1998)

[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are...

The global economic impacts of trade and financial reform in China (1998)

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’...

The East Asian crisis: investigating causes and policy responses (1998)

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic centre of world economic activity is likely to continue into the 21st...

Macroeconomic volatility in general equilibrium (1998)

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

The global economic impacts of trade and financial reform in China (1998)

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’ to...

The East Asian crisis: investigating causes and policy responses (1998)

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic centre of world economic activity is likely to continue into the 21st...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

McKibbin, Warwick J, Shackleton, Robert, Wilcoxen, Peter J

We use an econometrically estimated multi-region, multi-sector equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

What to expect from an International System of Tradeable Permits for Carbon Emissions (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to...

International permit trading: creating a sustainable system (1998)

The McKibbin-Wilcoxen proposal for global greenhouse abatement (1998)

Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with...

Macroeconomic volatility in general equilibrium (1998)

[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are...

The global economic impacts of trade and financial reform in China (1998)

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’ to...

The East Asian crisis: investigating causes and policy responses (1998)

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic centre of world economic activity is likely to continue into the 21st...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

McKibbin, Warwick J, Shackleton, Robert, Wilcoxen, Peter J

We use an econometrically estimated multi-region, multi-sector equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J., Environment And Economics Network

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

What to expect from an International System of Tradeable Permits for Carbon Emissions (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J., Environment And Economics Network

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to...

International permit trading: creating a sustainable system (1998)

McKibbin, Warwick J., Environment And Economics Network

Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with...

The McKibbin-Wilcoxen proposal for global greenhouse abatement (1998)

McKibbin, Warwick J., Environment And Economics Network

[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are...

Macroeconomic volatility in general equilibrium (1998)

The global economic impacts of trade and financial reform in China (1998)

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’ to...

The East Asian crisis: investigating causes and policy responses (1998)

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic centre of world economic activity is likely to continue into the 21st...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

McKibbin, Warwick J, Shackleton, Robert, Wilcoxen, Peter J

We use an econometrically estimated multi-region, multi-sector equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

What to expect from an International System of Tradeable Permits for Carbon Emissions (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to...

International permit trading: creating a sustainable system (1998)

The McKibbin-Wilcoxen proposal for global greenhouse abatement (1998)

Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with...

Macroeconomic Volatility In General Equilibrium (1998)

[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are...

J. McKibbin, Warwick J. Mckibbin, Peter J. Wilcoxen, Peter J. Wilcoxen

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms' to...

Macroeconomic volatility in general equilibrium (1998)

The global economic impacts of trade and financial reform in China (1998)

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’ to...

The East Asian crisis: investigating causes and policy responses (1998)

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic centre of world economic activity is likely to continue into the 21st...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

McKibbin, Warwick J, Shackleton, Robert, Wilcoxen, Peter J

We use an econometrically estimated multi-region, multi-sector equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The potential effects of international carbon emissions permit trading under the Kyoto Protocol (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

What to expect from an International System of Tradeable Permits for Carbon Emissions (1998)

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to...

International permit trading: creating a sustainable system (1998)

The McKibbin-Wilcoxen proposal for global greenhouse abatement (1998)

Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with...

Salvaging the Kyoto climate change negotiations (1997)

[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (1997)

Conclusion: Negotiations leading up to the Kyoto conference in December have been focused on establishing rigid targets and timetables for reducing carbon dioxide emissions. Because of the enormous...

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

The problem with internationally tradeable emission permits for greenhouse gas abatement (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

The problem with internationally tradeable emission permits for greenhouse gas abatement (1997)

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

Salvaging the Kyoto climate change negotiations (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Conclusion: Negotiations leading up to the Kyoto conference in December have been focused on establishing rigid targets and timetables for reducing carbon dioxide emissions. Because of the enormous...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Anderson, Kym, McKibbin, Warwick J., Economics And Environment Network

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

The problem with internationally tradeable emission permits for greenhouse gas abatement (1997)

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Salvaging the Kyoto climate change negotiations (1997)

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

Conclusion: Negotiations leading up to the Kyoto conference in December have been focused on establishing rigid targets and timetables for reducing carbon dioxide emissions. Because of the enormous...

McKibbin, Warwick J., Wilcoxen, Peter J., Economics And Environment Network

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (1997)

The problem with internationally tradeable emission permits for greenhouse gas abatement (1997)

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

Salvaging the Kyoto climate change negotiations (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Conclusion: Negotiations leading up to the Kyoto conference in December have been focused on establishing rigid targets and timetables for reducing carbon dioxide emissions. Because of the enormous...

Regional And Multilateral Trade Liberalization: The Effects On Trade, Investment And Welfare (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Warwick J. McKibbin, Warwick J. Mckibbin

This paper explores the impact on economies of trade liberalization under alternative regional and multilateral arrangements: unilateral liberalization; liberalization as part of the ASEAN regional...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement (1997)

The problem with internationally tradeable emission permits for greenhouse gas abatement (1997)

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

Salvaging the Kyoto climate change negotiations (1997)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Conclusion: Negotiations leading up to the Kyoto conference in December have been focused on establishing rigid targets and timetables for reducing carbon dioxide emissions. Because of the enormous...

Quantifying APEC trade liberalization: a dynamic analysis (1996)

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Quantifying APEC trade liberalization: a dynamic analysis (1996)

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Quantifying APEC trade liberalization: a dynamic analysis (1996)

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

McKibbin, Warwick J., Economics, RSPAS

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Quantifying APEC trade liberalization: a dynamic analysis (1996)

The Transmission Of Productivity And Investment Shocks In The Asia Pacific Region (1996)

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Warwick J. McKibbin, Warwick J. Mckibbin

An important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in...

Paper Prepared for the Economic Modelling Bureau of Australia conference on "Changing (1996)

Patterns Of Interdependence, Warwick J. Mckibbin

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Quantifying APEC trade liberalization: a dynamic analysis (1996)

The Global Impact of Demographic Change

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Nicoletta Batini, Tim Callen, Warwick J. McKibbin

The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries,...

Discussion of 'Can Central Bank Transparency Go Too Far?'

Warwick J McKibbin

central bank communication, transparency

The Next Step for Climate Change Policy After COP5

Beyond the Kyoto Protocol

The Next Step for Climate Change Policy

Designing a Realistic Climate Change Policy that includes Developing Countries

Beyond the Kyoto Protocol

An Early Action Climate Change Policy for all Countries

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralised...

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

Moving Beyond Kyoto

The Problem With Internationally Tradable Emission Permits for Greenhouse Gas Abatement

In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations...

A Better Way to Slow Global Climate Change

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Reducing Coal Subsidies and Trade Barriers: Their Contribution to Greenhouse Gas Abatement

The next major round of international negotiations on controlling global climate change is to be held later this year in Kyoto. The focus of talks to date has been on policies to reduce worldwide...

Kym Anderson, Warwick J. McKibbin

International negotiations for an agreement to reduce the emission of greenhouse gases are unlikely to produce concrete and comprehensive policies for effective emission reductions in the near term,...

Salvaging the Kyoto Climate Change Negotiations

The McKibbin-Wilcoxen Proposal for Global Greenhouse Abatement

The third Conference of the Parties to the United Nations Framework Convention on Climate Change will be held in Kyoto in early December. These upcoming negotiations, aimed at reducing future...

International Permit Trading: Creating a Sustainable System

The McKibbin-Wilcoxen Proposal for Global Greenhouse Abatement

What to Expect from an International System of Tradable Permits for Carbon Emmisions

International Permit Trading: Creating a Sustainable System

Warwick J. McKibbin, Robert Shackleton, Peter J. Wilcoxen

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally tradable emission permits to...

The Potential Effects of International Carbon Emissions Permit Trading Under the Kyoto Protocol

Warwick J. McKibbin, Robert Shackleton, Peter J. Wilcoxen

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

ENVIRONMENTAL CONSEQUENCES OF RISING ENERGY USE IN CHINA

THE GLOBAL MACROECONOMIC CONSEQUENCES OF A DEMOGRAPHIC TRANSITION

The effects of fiscal consolidation in the OECD

The world is in the midst of a significant demographic transition with important implications for the macroeconomic performance of the global economy. This paper summarizes the key features of the...

Transpacific Trade Imbalances: Causes and Cures

Despite the current recession in many parts of the OECD, fiscal consolidation is likely in many OECD economies in the 1990s. The author asks: is fiscal consolidation in the OECD in a period of low...

Jong-Wha Lee, Warwick J. McKibbin, Yung Chul Park

This paper explores the causes of the transpacific trade imbalances using an empirical global model. It also evaluates the impact of various policies to reduce these imbalances. We find the...

Political economy and international money: Selected essays of John Williamson : Chris Milner, ed., (New York University Press, New York, 1987) pp. xii+292, $45.00

Emissions Trading, Capital Flows and the Kyoto Protocol

Warwick J. McKibbin, Martin T. Ross, Robert Shackleton, Peter J. Wilcoxen

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

Permit Trading Under the Kyoto Protocol and Beyond

An Early Action Proposal with Known Costs: A Sensible and Realistic Option for Emissions Trading in Australia

Permit Trading Under the Kyoto Protocol and Beyond

Globalization and Disease: The Case of SARS

In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes...

Jong-Wha Lee, Warwick J. McKibbin

The purpose of this paper is to provide an assessment of the global economic impacts of severe acute respiratory syndrome (SARS) as well as to provide a more comprehensive approach to estimating the...

The Consequences of China's WTO Accession for Its Neighbors

Warwick J. McKibbin, Wing Thye Woo

Our simulations of a global macroeconomic model suggest that China's WTO accession could create significant welfare losses in the ASEAN-4 if foreign direct investment (FDI) is significantly...

Macroeconomic Policy in Japan

The international monetary system: Essays in world economics : Richard Cooper, (The MIT Press, Cambridge, MA, 1987) pp. xxii+286, $27.50

This paper explores the composition of the macroeconomic policy packages that would be effective in stimulating the Japanese economy. An empirical econometric model is used to predict the...

Political economy and international money: Selected essays of John Williamson : Chris Milner, ed., (New York University Press, New York, 1987) pp. xii+292, $45.00

MODELLING GLOBAL DEMOGRAPHIC CHANGE:RESULTS FOR JAPAN

Warwick J. McKibbin, Jeremy Nguyen

In earlier papers (McKibbin and Nguyen (2001, (2002)) we introduced demographic features into the MSG3 model of the world economy, following the approach of Bryant and McKibbin (2001). In this paper...

FINANCIAL LIBERALIZATION, FINANCIAL SECTOR DEVELOPMENT AND GROWTH: EVIDENCE FROM MALAYSIA

James B. Ang, Warwick J. McKibbin

The objective of this paper is to examine whether financial development leads to economic growth or vice versa in the small open economy of Malaysia. We argue that the results obtained from...

CONVERGENCE AND PER CAPITA CARBON EMISSIONS

Warwick J. McKibbin, Alison Stegman

The notion of "convergence" of economic variables across countries is a useful concept and in the case of income per capita, a well studied area. If there is empirical evidence of convergence of some...

GLOBAL DEMOGRAPHIC CHANGE AND JAPANESE MACROECONOMIC PERFORMANCE

A CREDIBLE FOUNDATION FOR LONG TERM INTERNATIONAL COOPERATION ON CLIMATE CHANGE

The world is in the midst of a significant demographic transition with important implications for the macroeconomic performance of the global economy. This paper summarizes the key features of the...

Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement

To succeed in reducing carbon dioxide emissions, a climate policy must establish credible long-term incentives for investments in the new energy-sector capital and in research and development. We...

ANDERSON, KYM, McKIBBIN, WARWICK J.

International negotiations for an agreement to reduce the emission of greenhouse gases have not produced cost-effective policies for reducing emissions, not least because they are unlikely to prevent...

Assessment of China's pollution levy system: an equilibrium pollution approach

Jiang, Tingsong, McKibbin, Warwick J.

There is considerable concern about the effectiveness of China s pollution control policies. Despite government intervention, measures of pollution continue to rise. However, this does not mean that...

Policies and Prospects in Japan and The Implications for the Asia-Pacific Region

Tim Callen, Warwick J. McKibbin

This paper uses the G-Cubed (Asia-Pacific) model-a macroeconomic model with rich cross-country links-to explore the implications for Japan and Asia of several shocks to the Japanese economy. The...

Comparing the Performance of Alternative Exchange Arrangements

Warwick J. McKibbin, Jeffrey D. Sachs

The volatility of the world economy since the breakdown of the Bretton Woods par value system of exchange rates has led many policymakers and economists to call for reform of the international...

THE GLOBAL MACROECONOMIC CONSEQUENCES OF A DEMOGRAPHIC TRANSITION

A CREDIBLE FOUNDATION FOR LONG TERM INTERNATIONAL COOPERATION ON CLIMATE CHANGE

The world is in the midst of a significant demographic transition with important implications for the macroeconomic performance of the global economy. This paper summarizes the key features of the...

FINANCIAL LIBERALIZATION, FINANCIAL SECTOR DEVELOPMENT AND GROWTH: EVIDENCE FROM MALAYSIA

To succeed in reducing carbon dioxide emissions, a climate policy must establish credible long-term incentives for investments in the new energy-sector capital and in research and development. We...

James B. Ang, Warwick J. McKibbin

The objective of this paper is to examine whether financial development leads to economic growth or vice versa in the small open economy of Malaysia. We argue that the results obtained from...

CONVERGENCE AND PER CAPITA CARBON EMISSIONS

Warwick J. McKibbin, Alison Stegman

The notion of "convergence" of economic variables across countries is a useful concept and in the case of income per capita, a well studied area. If there is empirical evidence of convergence of some...

GLOBAL DEMOGRAPHIC CHANGE AND JAPANESE MACROECONOMIC PERFORMANCE

ENVIRONMENTAL CONSEQUENCES OF RISING ENERGY USE IN CHINA

The world is in the midst of a significant demographic transition with important implications for the macroeconomic performance of the global economy. This paper summarizes the key features of the...

MODELLING GLOBAL DEMOGRAPHIC CHANGE:RESULTS FOR JAPAN

Warwick J. McKibbin, Jeremy Nguyen

In earlier papers (McKibbin and Nguyen (2001, (2002)) we introduced demographic features into the MSG3 model of the world economy, following the approach of Bryant and McKibbin (2001). In this paper...

The McKibbin-Sachs Global Model: Theory and Specifications

Warwick J. McKibbin, Jeffrey D. Sachs

This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular...

Coordination of Monetary and Fiscal Policies in the OECD

Warwick J. McKibbin, Jeffrey Sachs

Discontent with the functioning of the world monetary system has led to many proposals for international monetary reform. These proposals range from enhanced consultations under the current regime of...

LEARNING AND INTERNATIONAL TRANSMISSION SHOCKS

Warwick J. McKibbin, Kang Yong Tan

This paper studies the implications of adaptive learning in the modelling of international linkages in a two-region MSG-Cubed (MSG3) model built on micro-founded behaviours of firms and households....

Financial liberalization, financial sector development and growth: Evidence from Malaysia

Ang, James B., McKibbin, Warwick J.

Environmental Consequences of Rising Energy Use in China

Warwick J. McKIBBIN

The Role of Economics in Climate Change Policy

EMU Monetary and Fiscal Policies: Optimal Policies in a Global Game

The most important characteristic of climate change as a policy problem is uncertainty. From climatology to economics, uncertainties are pervasive, large and difficult to resolve. However, the...

Gottfried Haber, Reinhard Neck, Warwick J. McKibbin

European Economic and Monetary Union, monetary policy, fiscal policy, European integration, dynamic games, cooperation, rules

A Dynamic Analysis of a Korea-Japan Free Trade Area: Simulations with the G-Cubed Asia-Pacific Model

Warwick J. McKibbin, Jong-Wha Lee, Inkyo Cheong

This paper attempts to improve existing studies’ estimates on the effects of a Korea-Japan FTA by providing empirical estimates for the effects of a Korea-Japan FTA based on a new simulation model...

Climate Change Policy for India

Issues in the Choice of a Monetary Regime for India

While the global environment waits for the world to reach some form of agreement on climate policy, developing countries such as India are entering a phase of higher economic growth. The decisions on...

Warwick J. McKibbin, Kanhaiya Singh

Economic liberalization and financial sector reforms in India commenced in 1990. An important issue currently facing India and the focus of a lively debate, is the question of the appropriate regime...

The Consequences of China's WTO Accession on its Neighbors

Warwick J. McKibbin, Wing Thye Woo

Southeast Asian industrial exports are facing intense competition from Chinese industrial exports. How much more will competition increase as a result of China's recent accession to the World Trade...

Globalization and Disease: The Case of SARS

Jong-Wha Lee, Warwick J. McKibbin

This paper is a revised version of a paper that was originally presented to the Asian Economic Panel meeting held in Tokyo, May 11-12, 2003 and the Pacific Economic Cooperation Council (PECC) Finance...

Changes in Equity Risk Perceptions: Global Consequences and Policy Responses

Warwick J. McKibbin, David Vines

The current weakness in the global economy has generated a debate on the likely outlook for the world economy and the appropriate response for monetary policies. The world economy is currently being...

Estimates of the Costs of Kyoto-Marrakesh Versus The McKibbin-Wilcoxen Blueprint

Warwick J. McKibbin, Peter J Wilcoxen

The Potential Effects of International Carbon Emissions Permit Trading

Warwick J McKibbin, Robert Shackleton, Peter J Wilcoxen

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto...

The Global Economic Impacts of Trade and Financial Reform in China

Warwick J McKibbin, K K Tang

Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic activity is likely to continue into the 21st century. A key issue that will...

MACROECONOMIC VOLATILITY IN GENERAL EQUILIBRIUM

Warwick J McKibbin, Peter J Wilcoxen

In this paper we explore the concept of excess volatility in general equilibrium. We show there is a fundamental tension between household efforts to smooth consumption and attempts by firms’ to...

The East Asian Crisis: Investigating Causes and Policy Responses

Warwick J McKibbin, Will Martin

We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of...

Quantifying APEC Trade Liberalization: A Dynamic Analysis

Policy Analysis with the MSG2 Model.

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

Time-Consistent Policy: A Survey of the Issues.

Comparing the global performance of alternative exchange arrangements

Mckibbin, Warwick J., Sachs, Jeffrey D.

The Economics of International Policy Coordination.

A Note on Aggregate Investment in Australia.

One aspect of reforming the world monetary system is the issue of designing a set of "rules of the game" within which countries can pursue their own national objectives and yet which still leads to...

McKibbin, Warwick J, Siegloff, Eric S

The purpose of this paper is to explore the relevance of Tobin's q theory of investment in explaining aggregate investment in Australia over the period from December 1966 to December 1986. Using...

Some experiments in constructing a hybrid model for macroeconomic analysis

McKibbin, Warwick J., Pagan, Adrian R., Robertson, John C.

A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence

Henderson, Dale W., McKibbin, Warwick J.

What to expect from an international system of tradable permits for carbon emissions

McKibbin, Warwick J., Shackleton, Robert, Wilcoxen, Peter J.

The theoretical and empirical structure of the G-Cubed model

German unification: What have we learned from multi-country models?

Gagnon, Joseph E., Masson, Paul R., McKibbin, Warwick J.

Long term projections of carbon emissions

McKibbin, Warwick J., Pearce, David, Stegman, Alison

From National to International Climate Change Policy

DOMESTIC INVESTMENT AND EXTERNAL IMBALANCES IN EAST ASIA

Jong-Wha Lee, Warwick J. McKibbin

Since the 1997-98 financial crisis, many East Asian economies have experienced permanent declines of domestic investment and output growth, mainly resulting from the increase in financial risk and...

Global Energy and Environmental Impacts of an Expanding China

Trade and Financial Reform in China: Impacts on the World Economy

China accounts for 10 percent of global energy use and will continue to rely on coal for generating approximately 75 percent of its energy over coming decades. The environmental problems associated...

Warwick J. McKibbin, K. K. Tang

Estimates of the costs of Kyoto: Marrakesh versus the McKibbin-Wilcoxen blueprint

The Asian Financial Crisis and Global Adjustments: Implications for US Agriculture

Warwick J. McKibbin, Zhi Wang, William Coyle

The European Monetary Union: were there alternatives to the ECB?: A quantitative evaluation

McKibbin, Warwick J., Bok, Tomas

Implications for the Asia-Pacific region of coordination of macroeconomic policies in the OECD

McKibbin, Warwick J., Sundberg, Mark W.

Are government deficits the prime cause of inflation?

Kohli, Ulrich R., McKibbin, Warwick J.

Discussion of 'Prospects for Output and Employment Growth with Steady Inflation' and 'The Macroeconomics of Australian Unemployment'

Warwick J McKibbin, John Nevile, Guy Debelle, Jeff Borland

employment; output growth; inflation; Australia; unemployment; macroeconomics

Discussion of 'Can Central Bank Transparency Go Too Far?'

Warwick J McKibbin, Christopher Kent, Simon Guttmann

central bank communication; transparency

A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence

Dale W. Henderson, Warwick J. McKibbin

Econometrics ; Monetary policy

German unification: what have we learned from multi-country models?

Joseph E. Gagnon, Paul R. Masson, Warwick J. McKibbin

This study reports on early simulations of the effects of German unification using three different rational-expectations multi-country models. Despite significant differences in their structures and...

Designing a Realistic Climate Change Policy that includes Developing Countries

Long Run Projections for Climate Change Scenarios

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralised...

Warwick J. McKibbin, David Pearce, Alison Stagman

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be...

Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation

Estimates of the Costs of Kyoto-Marrakesh versus the McKibbin-Wilcoxen Blueprint

Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation

Global Emissions Trading: Prospects and Pitfalls

In this paper we update our earlier estimates of the cost of the Kyoto Protocol using the G-Cubed model, taking into account the new sink allowances from recent negotiations as well as allowing for...

The Global Macroeconomic Consequences of a Demographic Transition

Global Emissions Trading: Prospects and Pitfalls

The Macroeconomic Consequences of the Savings and Loan Debacle.

The world is in the midst of a significant demographic transition with potential implications for the macroeconomic performance of the global economy. This paper summarizes the key features of...

Manchester, Joyce, McKibbin, Warwick J

This paper used a general equilibrium framework to examine the macroeconomic consequences of the recent failures and subsequent bailout in the savings and loan industry. We distinguish between the...

Modelling Reality: The Need for Both Inter-temporal Optimization and Stickiness in Models for Policy-Making.

McKibbin, Warwick J, Vines, David

There is a thriving debate on the usefulness of economic models for policy analysis which this paper explores. It argues that there is a need for models that incorporate both the modern intertemporal...

German Unification - What Have We Learned from Multi-Country Models?

Paul R. Masson, Joseph E. Gagnon, Warwick J. McKibbin

Economic growth , Germany ,

Macroeconomic Policies in the OECD and LDC External Adjustmemt

Jeffrey Sachs, Warwick J. McKibbin

In this paper, the authors describe a simulation model for analyzing the effects of macroeconomic policies in the OECD on global macroeconomic equilibrium. Particular attention is paid to the effects...

Macroeconomic Interdependence of Japan and the United States: Some Simulation Results

Naoko Ishii, Warwick J. McKibbin, Jeffrey Sachs

In this paper we examine the macroeconomic interdependence of Japan and the U.S. using a medium-scale simulation model of the world economy. Our goal is to determine how shifts in macroeconomic...

Dynamic Optimization in Two-Party Models

Warwick J. McKibbin, Nouriel Roubini, Jeffrey Sachs

The goal of this paper is to study the problem of optimal dynamic policy formulation with competing political parties. We study a general class of problems, in which the two competing political...

Quantifying APEC Trade Liberalization: A Dynamic Analysis

Warwick. J. McKibbin

The Bogor Declaration of 1994 proposed free trade in the Asia Pacific region by the year 2020. If implemented as announced, this program will have important implications for the world economy over...

The Transmission of Productivity and Investment Shocks in the Asia Pacific Region

THE ECONOMIC AND ENVIRONMENTAL EFFECTS OF BORDER TAX ADJUSTMENTS FOR CLIMATE POLICY

An important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in...

CONSEQUENCES OF ALTERNATIVE U.S. CAP-AND-TRADE POLICIES: CONTROLLING BOTH EMISSIONS AND COSTS

For the foreseeable future, climate change policy will be considerably more stringent in some countries than in others. Indeed, the United Nations Framework Convention on Climate Change explicitly...

Warwick J. McKibbin, Adele Morris, Peter J. Wilcoxen, Yiyong Cai

Globalisation, Regionalism and Economic Interdependence

Di Mauro,Filippo, Dees,Stéphane, McKibbin,Warwick J.

How has increasing economic integration at regional and global level affected the functioning of the global economy? What are the consequences of globalisation and regionalism for world trade,...

Uncertainty and climate change policy design