Environmental Keynesian macroeconomics: Some further discussion

This paper extends the IS–LM–EE framework first formulated by Heyes (Heyes, A., 2000. A proposal for the greening of textbook macro: ‘IS–LM–EE’. Ecol. Econ. 32, 1–7). In his model, exogenous fiscal or monetary shocks are needed so that the intersection of all three schedules is reached. Such indepen...

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Bibliographic Details
Published inEcological economics Vol. 59; no. 4; pp. 401 - 405
Main Author Sim, Nicholas C.S.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 15.10.2006
Elsevier
SeriesEcological Economics
Subjects
Environment
Environmental economics
IS–LM–EE
Keynesian
Keynesianism
Macroeconomics
IS–LM–EE
Environment
Keynesian
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Summary:This paper extends the IS–LM–EE framework first formulated by Heyes (Heyes, A., 2000. A proposal for the greening of textbook macro: ‘IS–LM–EE’. Ecol. Econ. 32, 1–7). In his model, exogenous fiscal or monetary shocks are needed so that the intersection of all three schedules is reached. Such independent adjustments are circumvented in this paper, which argues that a naturally adjusting process exists and formalizes this mechanism for the IS–LM–EE framework.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0921-8009
1873-6106
DOI:10.1016/j.ecolecon.2005.11.006