Carbon border adjustments, climate clubs, and subsidy races when climate policies vary
Governments are adopting different climate policy approaches to curb emissions while trying to keep domestic firms competitive in international markets and deter climate "free riders." But divergent policies may result in subsidy races, which come with their own potential risks and benefits, write Kimberly Clausing and Catherine Wolfram.
Speeches & Papers
What Caused the U.S. Pandemic-Era Inflation?
via Brookings Institution
Who wins from US debt default? China.
Breaking Up Is Hard to Do
via Milken Institute Review