Publications
The human capital transition and the role of policy
Paper seeks to investigate how industrialised economies managed to achieve the transition from low to high levels of human capital, and goes on to identify lessons for green growth. read more »
Why did the knowledge transition occur in the West and not in the East? ICT and the role of governments in Europe, East Asia and the Muslim world
The invention of a new ICT, the printing press, may have been a fundamental turning point in knowledge transition. But did Gutenberg’s printing press succeed in Europe because of, or … read more »
The price vs quantity debate: climate policy and the role of business cycles
What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman’s result … read more »
Post-2020 climate agreements in the major economies assessed in the light of global models
Integrated assessment models can help in quantifying the implications of international climate agreements and regional climate action. This paper reviews scenario results from model intercomparison projects to explore different possible … read more »
Green growth: an assessment
‘Green growth’ is almost tautologically required for global welfare to rise in the long run. Economic growth is desirable, not least because over 1 billion people still live in conditions … read more »
The Economics of Steering the Transition to a Low Carbon Economy
Presentations given at a three-day course ‘The economics of change: achieving better growth and a better climate’- part of a joint programme between LSE Enterprise in Spain and the Fundación … read more »
Why is geoengineering so tempting?
Geoengineering can be de fined as the technologies that aim to deliberately alter geophysical mechanisms in order to alleviate the impacts of climate change. It has received increasing attention by economists … read more »
Ethics, equity and the economics of climate change. Paper 1: science and philosophy
This paper examines a broad range of ethical perspectives and principles relevant to the analysis of issues raised by the science of climate change and explores their implications. A second and companion … read more »
Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy
It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. However, as this paper argues, carbon pricing in … read more »
Evidence on business cycles and CO2 emissions
CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. read more »
