Ecological Macroeconomics: An application to climate change

Rezai, Armon and Taylor, Lance and Mechler, Reinhard (2013) Ecological Macroeconomics: An application to climate change. Ecological Economics, 85. pp. 69-76. ISSN 0921-8009

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Abstract

Ecological Economics has not paid sufficient attention to the macroeconomic level both in terms of theory and modeling. Yet, key topics debated in the field of Ecological Economics such as sustainable consumption, reduction in working time, the degrowth debate, the energy-exergy link, and the rebound effect require a holistic and macro perspective. While this deficiency has been identified before and Keynesian economics has been generally suggested as a potent vehicle to establish economic system's thinking, very little concrete theorizing and practical suggestions have been put forward. We give further credence to this suggestion and demonstrate the value of tackling key concerns of Ecological Economics within a Keynesian growth framework. Contextualized by an application to climate change we suggest that policy relevant recommendations need to be based on a consistent view of the macroeconomy. We end with laying out key building blocks for a Keynesian model framework for an Ecological Macroeconomics. (authors' abstract)

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version may require a subscription. The definitive version is available at http://www.elsevier.com/.
Keywords: ecological macroeconomics / climate change
Classification Codes: JEL E20, O40, Q54
Divisions: Departments > Sozioökonomie > Multi-Level Governance and Development
Version of the Document: Accepted for Publication
Variance from Published Version: None
Depositing User: ePub Administrator
Date Deposited: 05 Apr 2013 09:20
Last Modified: 20 Jan 2015 23:15
FIDES Link: https://bach.wu.ac.at/d/research/results/59829/
URI: https://epub.wu.ac.at/id/eprint/3842

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