On Heyes' IS-LM-EE proposal to establish an environmental macroeconomics

PHILIP A. LAWN

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On Heyes' IS-LM-EE proposal to establish an environmental macroeconomics

机译：关于Heyes建立环境宏观经济学的IS-LM-EE提案

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A decade has now passed since Daly made a plea for an environmental macroeconomics. Despite an expanding literature on 'green' national accounting and the efforts of ecological economists to measure the sustainable net benefits of a growing macroeconomy, it is only recently that Daly's plea has been adequately answered. This has been achieved with the incorporation by Heyes of an 'environmental equilibrium' or EE curve into the familiar IS-LM model. However, the IS-LM-EE model proposed by Heyes is incomplete. By extending Heyes' model to include the role of technological progress and the sustainable net benefits of economic activity, this paper shows that conclusions regarding the desirability of expansionary fiscal and monetary policies alter quite radically. Moreover, it sends out a clear message that environmental concerns should be incorporated into macroeconomic models. They should not be solely confined to microeconomics.

机译：自从Daly呼吁进行环境宏观经济学以来，已经过去了十年。尽管有关“绿色”国民核算的文献不断增多，而且生态经济学家为衡量不断增长的宏观经济的可持续净收益做出了努力，但直到最近，戴利的辩护才得到了充分的回答。这是通过Heyes将“环境平衡”或EE曲线合并到熟悉的IS-LM模型中来实现的。但是，Heyes提出的IS-LM-EE模型并不完整。通过将Heyes模型扩展到包括技术进步和经济活动的可持续净收益的作用，本文表明，有关扩张性财政和货币政策的可取性的结论有很大的不同。此外，它发出了一个明确的信息，即环境问题应纳入宏观经济模型。它们不应仅局限于微观经济学。

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《Environment and Development Economics》 |2003年第1期|p.31-56|共26页
作者
PHILIP A. LAWN;
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作者单位

Flinders University of South Australia, GPO Box 2100, Adelaide, 5001, Australia;

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收录信息美国《科学引文索引》(SCI);
原文格式 PDF
正文语种 eng
中图分类环境经济学;
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On Heyes' IS-LM-EE proposal to establish an environmental macroeconomics

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