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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| Published in | Ecological economics Vol. 59; no. 4; pp. 401 - 405 |
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| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier B.V
15.10.2006
Elsevier |
| Series | Ecological Economics |
| Subjects | |
| Online Access | Get full text |
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| Abstract | 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. |
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| AbstractList | 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. 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. All rights reserved, Elsevier |
| Author | Sim, Nicholas C.S. |
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| References | The Economist (bib5) 2004 World Bank (bib6) 1997 Pottinger, Stecklow, Fialka (bib4) 2004 Heyes (bib1) 2000; 32 Lawn (bib3) 2003 Kan, Jia, Chen (bib2) 2003; 45 The Economist (10.1016/j.ecolecon.2005.11.006_bib5) 2004 World Bank (10.1016/j.ecolecon.2005.11.006_bib6) 1997 Kan (10.1016/j.ecolecon.2005.11.006_bib2) 2003; 45 Heyes (10.1016/j.ecolecon.2005.11.006_bib1) 2000; 32 Pottinger (10.1016/j.ecolecon.2005.11.006_bib4) 2004 Lawn (10.1016/j.ecolecon.2005.11.006_bib3) 2003 |
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| SubjectTerms | Environment Environmental economics IS–LM–EE Keynesian Keynesianism Macroeconomics |
| Title | Environmental Keynesian macroeconomics: Some further discussion |
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