Policy Integration and International Coordination

Carattini, Heutel, and Melkadze's (2023) research on climate policy and financial frictions provides crucial insights for developing coordinated approaches. The UK's position in the global financial system necessitates careful consideration of both domestic policy integration and international coordination. This includes aligning monetary and fiscal policies, coordinating regulatory requirements, and developing consistent reporting standards.

Zhang et al.'s (2024) study of China's Low-Carbon City Pilot program offers valuable lessons for UK policy development, particularly regarding the importance of transparent, quantifiable targets and credible enforcement mechanisms. The experience suggests that effective environmental policy requires clear objectives and robust implementation frameworks.

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