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Population, Productivity, and Sustainable Consumption
Pindyck, Robert S. - National Bureau of Economic Research - 2022
maximizes welfare. This raises a question: Given its cost, should sustainability be a social objective? …
Persistent link: https://www.econbiz.de/10013210047
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Crunch Time : Fiscal Crises and the Role of Monetary Policy
Greenlaw, David - 2013
Countries with high debt loads are vulnerable to an adverse feedback loop in which doubts by lenders lead to higher sovereign interest rates which in turn make the debt problems more severe. We analyze the recent experience of advanced economies using both econometric methods and case studies...
Persistent link: https://www.econbiz.de/10012459364
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A Model of the Safe Asset Mechanism (SAM) : Safety Traps and Economic Policy
Caballero, Ricardo J. - 2013
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with...
Persistent link: https://www.econbiz.de/10012459925
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10012461838
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Sustainability and the Measurement of Wealth
Arrow, Kenneth J. - 2010
exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability …
Persistent link: https://www.econbiz.de/10012462059
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Trade and Environment Beyond Singapore
Whalley, John - 1996
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066
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Sustainable Growth and the Green Golden Rule
Beltratti, Andrea - 1993
captures some of the concerns of those who argue for sustainability and for a heightened sense of responsibility to the future …
Persistent link: https://www.econbiz.de/10012474520
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Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting
Weitzman, Martin L. - 2016
In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among … the following four fundamental economic concepts: (1) "wealth"; (2) "income"; (3) "sustainability"; (4) "accounting …-fold quantitative relationship in an ultra-simplified setting. I identify some basic applications of this simplified economic theory of …
Persistent link: https://www.econbiz.de/10012456614
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Back to the Future of Green Powered Economies
Cruz, Juan Moreno - 2012
The purpose of this paper is to introduce the concept of power density [Watts/m²] into economics. By introducing an explicit spatial structure into a simple general equilibrium model we are able to show how the power density of available energy resources determines the extent of energy...
Persistent link: https://www.econbiz.de/10012460424
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Sustainability in a Risky World
Campbell, John Y.; Martin, Ian - National Bureau of Economic Research - 2021
We view sustainability as a requirement that welfare should not be expected to decline over time. We impose this …
Persistent link: https://www.econbiz.de/10012585383