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Addressing Climate Change

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  • Peter S. Heller

Abstract

Global climate change has moved high on the agenda of key policy makers in many industrial countries. As a “global public good,†a coordinated global response in terms of efforts at mitigation will be critically necessary. Equally, many countries will face serious economic harm in the absence of adaptation efforts. As one of the key global institutions with responsibility for global economic stability and growth, this paper argues that climate change should be on the economic surveillance agenda of the International Monetary Fund, with the focus principally on the macroeconomic implications. While the IMF’s role would be necessarily limited, the paper raises questions about the adequacy of the financing and organization of current global coordination mechanisms to address climate change.

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Bibliographic Info

Article provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.

Volume (Year): 8 (2007)
Issue (Month): 1 (January)
Pages: 107-120

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Handle: RePEc:wej:wldecn:269

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Cited by:
  1. Marika Karanassou & Hector Sala & Dennis J. Snower, 2008. "The Evolution Of Inflation And Unemployment: Explaining The Roaring Nineties," Australian Economic Papers, Wiley Blackwell, vol. 47(4), pages 334-354, December.
  2. Jürgen Kromphardt & Camille Logeay, 2007. "Changes in the Balance of Power Between the Wage and Price Setters and the Central Bank: Consequences for the Phillips Curve and the NAIRU," Kiel Working Papers 1354, Kiel Institute for the World Economy.
  3. Benjamin Jones & Michael Keen & Jon Strand, 2013. "Fiscal implications of climate change," International Tax and Public Finance, Springer, vol. 20(1), pages 29-70, February.
  4. Assaf Razin & Alon Binyamini, 2007. "Flattening of the Short-run Trade-off between Inflation and Domestic Activity: The Analytics of the Effects of Globalization," Kiel Working Papers 1363, Kiel Institute for the World Economy.
  5. Jane Ihrig & Steven B. Kamin & Deborah Lindner & Jaime Marquez, 2007. "Some simple tests of the globalization and inflation hypothesis," International Finance Discussion Papers 891, Board of Governors of the Federal Reserve System (U.S.).

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