Ecological macroeconomics: An application to climate change

Rezai A, Taylor L, & Mechler R (2013). Ecological macroeconomics: An application to climate change. Ecological Economics 85: 69-76. DOI:10.1016/j.ecolecon.2012.10.008.

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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 systemic 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.

Item Type: Article
Uncontrolled Keywords: Climate change; Ecological macroeconomics
Research Programs: Risk, Policy and Vulnerability (RPV)
Risk & Resilience (RISK)
Bibliographic Reference: Ecological Economics; 85:69-76 (January 2013)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:49
Last Modified: 04 Apr 2016 10:15
URI: http://pure.iiasa.ac.at/10540

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