For the last two centuries, great powers—both nations and their associated firms—have fiercely competed to set the technical standards for…
This study examines the choice between subsidizing investment and subsidizing output to promote socially desirable production. We exploit a…
The 2015 Paris Agreement represented the first multilateral agreement to acknowledge and support efforts by so-called non-state actors,…
The Clean Air Act has authorized an array of fuel regulations to reduce the precursors to ambient ozone pollution, among other pollutants.…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
As climate-induced physical and transition risks to corporations are becoming more and more material, investors are increasingly…
The global economy has witnessed great economic volatility in the first two decades of the 21st century. Yet over this period, and in…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…