Raphael Calel, London School of Economics and Political Science and Cameron Hepburn, London School of Economics and Political Science
When the carbon price collapsed to below €3 in April this year, EU policymakers sought to prop up carbon prices by a deal that would delay the release of carbon allowances (known as “backloading”). This…
There has been in a shift in the way the Conservative party leadership has talked about the European Union over the past fortnight. No longer is the talk of “giving the people a choice” about membership…
The recently-signed deal between Australia and Papua New Guinea on refugees is being promoted by the Australian government as a “regional settlement arrangement”. But it is really? And how does it compare…
The long awaited report on combating corporate tax avoidance by the OECD sadly has to deal with a corporate tax system which is unfit for purpose. It is a follow-up to the G8 meeting last month in Ireland…
After years of declarations, warnings and internal bickering, the European Union has finally done it. On Friday, Brussels is expected to announce that future agreements between the EU (or any of its member…
Prime Minister Kevin Rudd has told Australia we’re shifting to an emissions trading scheme one year earlier than anticipated, with Treasurer Chris Bowen suggesting it will address “cost of living pressures…
Bailing out banks is so 2008. It seems 2013 is the year of the bank “bail in”. It started with the Co-operative Bank in the UK, when the bank’s management decided to “bail in” some of its bond holders…
The current political crisis in Portugal has surprised both local economists who know little about politics and international analysts who are ill-informed about the Portuguese economy. In May, I had the…
Reforming the European Union’s Common Agricultural Policy has never been easy, and that’s hardly surprising. It’s well established that when interests are concentrated together, such as those of farmers…
Last Wednesday was a good day for those of us who have been campaigning for years for more understandable food labelling. The UK Government announced their final recommendation for front-of-pack nutrition…
Female genital mutilation (FGM) is happening across the UK but despite being illegal for nearly 30 years, there have been no convictions. Fortunately, politicians are beginning to pick up on the issue…
As in the movie that led Pedro Almodóvar to become an internationally famous film director in the late 1980s, Spanish banks have been “on the verge of a nervous breakdown” during the 4 last years, facing…
British divisions over Europe have something of a “groundhog day” feel to them, even if the current Conservative rift seems like a particularly damaging instance. The stakes are high: the United Kingdom’s…
The European Union (or at least its periphery) is a big, sick patient that so far has been treated with robust injections of fiscal austerity. This seemed to be the right course of action to cure the “debt…
In European waters controlled by the EU Common Fisheries Policy, the discarding of fish overboard has long been condemned by environmentalists and regretted by fishers. According to the UN Food and Agriculture…
The bloodbath in Syria continues apace and the decision by the European Union to provide arms to some rebel groups ensures that fighting will grow only more intense. The hotly contested removal of the…
With more than a hundred MPs voting to amend the Queen’s Speech this week, the UK’s role in Europe continues to confound politicians and citizens alike. Among all the chatter, it’s hard to get a sense…
In the event that an in-out referendum on UK membership of the EU is held in 2017, and a majority of voters opt to leave, what process would need to be followed to secure the UK’s exit? The question is…
On the surface, the recent surge in support for the UK Independence Party (UKIP) suggests an urgent need to reform Britain’s relations with the European Union. But polls tell a different story. The best…
Discussion of the federal budget has featured much doom-mongering. This is exemplified by forecasts of a A$6-8 billion black hole in 2015-16, when the carbon tax switches to an emissions trading scheme…