A large economic literature discusses the implications of export sanctions for a variety of states around the world. This paper investigates the macro-level consequences of imposing oil export barriers on an oil exporting country. We employ a large real financial computable general equilibrium for Iran. The model is calibrated based on 1999 Social Accounting Matrix for the economy of Iran inc...

Durum wheat (Triticum turgidum subsp. durum) is more salt sensitive than bread wheat (Triticum aestivum). A novel source of Na(+) exclusion conferring salt tolerance to durum wheat is present in the durum wheat Line 149 derived from Triticum monococcum C68-101, and a quantitative trait locus contributing to low Na(+) concentration in leaf blades, Nax1, mapped to chromosome 2AL. In this study, w...

This paper analyzes the influence of the long-run decline in U.S. energy intensity on projections of energy use and carbon emissions to the year 2050. We build on our own recent work which decomposes changes in the aggregate U.S. energy-GDP ratio into shifts in sectoral composition (structural change) and adjustments in the energy demand of individual industries (intensity change), and identifi...

European national policies involve a range of support measures to enhance the competitiveness of certain regions or products, inlcuding financial and institutional instruments. Some of these support measures involve environmentally counterproductive impacts. The question that rises in importance on the international agenda is how to reform these support measures, such that the original objectiv...

We propose a novel methodology for evaluating the accuracy of numerical solutions to dynamic economic models. Speci…cally, we construct a lower bound on the size of approximation errors. A small lower bound on errors is a necessary condition for accuracy: If a lower error bound is unacceptably large, then the actual approximation errors are even larger, and hence, we reject the hypothesis that ...

Tractable Latent State Filtering for Non-Linear DSGE Models Using a Second-Order Approximation* This paper develops a novel approach for estimating latent state variables of Dynamic Stochastic General Equilibrium (DSGE) models that are solved using a second-order accurate approximation. I apply the Kalman filter to a statespace representation of the second-order solution based on the ‘pruning’ ...

We combine the newest concepts of non-cooperative coalition theory with a computable general equilibrium model close to the seminal RICE-model of Nordhaus and Yang (1996) to determine stable coalition structures in a global warming game. We consider three coalition games that allow for the formation of multiple coalitions. The coalition games represent different designs of climate treaty protoc...