Author: Warwick McKibbin / Political Geography: Australia/Pacific

Author:: Warwick McKibbin
Publication Date:: 05-2011
Content Type:: Working Paper
Institution:: Lowy Institute for International Policy
Abstract:: The build up in government debt in response to the 'great recession' has raised a number of policy dilemmas for individual countries as well as the world as a whole. Where the government fiscal stimulus was seen as necessary to restore confidence to markets and stimulate deteriorating economies in the aftermath of the 'great recession' by 2010 the massive fiscal stimulus programs and associated run-up in debt had, for many economies, become a confidence sapping exercise. This need for a change of fiscal policy stance has fuelled another debate that has two related aspects. One is the impact of fiscal consolidation on economies that are tightening and the flow-on effects to the world economy. The other debate is how much tightening there should be and how quickly.
Topic:: Debt, Economics, Global Recession, and Financial Crisis
Political Geography:: Asia and Australia/Pacific

Author:: Warwick McKibbin and Tingsong Jiang
Publication Date:: 05-2008
Content Type:: Working Paper
Institution:: Lowy Institute for International Policy
Abstract:: A Free Trade Area of the Asia-Pacific (FTAAP) has been proposed as a long-term prospect by the Asia-Pacific Economic Cooperation (APEC). This paper examines the impact of the FTAAP on the national and regional economies in China using a suite of general equilibrium models: APG-Cubed, a dynamic global model; GTAP, a static global model; and CERD, a static China model with regional dimension. The impact on the Chinese economy of the APFTA is also compared with those of other forms of FTAs such as the ASEAN-China FTA (ACFTA) and the East Asia FTA (EAFTA).
Topic:: International Trade and Finance and Markets
Political Geography:: China, Asia, and Australia/Pacific

Author:: Warwick McKibbin
Publication Date:: 02-2005
Content Type:: Policy Brief
Institution:: Lowy Institute for International Policy
Abstract:: The Kyoto Protocol enters into force on February 16, 2005. Nearly thirteen years after negotiations began at the Rio Earth Summit and seven years after the Kyoto Protocol was negotiated, this should be a cause for global celebration. Yet the basic tenets on which the Kyoto Protocol are built are flawed and leave it worryingly vulnerable to failure. Already proponents of Kyoto are looking for alternatives “beyond Kyoto”. It is no accident that it has taken so long for the Protocol to enter into force with so few of the major future greenhouse emitters effective participants.
Topic:: International Relations, Energy Policy, and Environment
Political Geography:: Australia/Pacific

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