Environmental Keynesian macroeconomics: Some further discussion
Environmental Keynesian macroeconomics: Some further discussion
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DOI:
10.1016/j.ecolecon.2005.11.006
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发表时间:
2006-10
影响因子:
7
通讯作者:
N. Sim
中科院分区:
文献类型:
--
作者:
N. Sim
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.