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1
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/10013129132
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2
Sustainability and the Measurement of Wealth
Arrow, Kenneth J.
-
2010
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10013135234
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3
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/10013087881
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4
Back to the Future of Green Powered Economies
Moreno Cruz, Juan Bernardo
-
2014
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/10013065797
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5
Trade and Environment Beyond Singapore
Whalley, John
-
2021
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/10013234937
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6
Sustainable Growth and the Green Golden Rule
Beltratti, Andrea
;
Chichilnisky, Graciela
;
Heal, Geoffrey M.
-
2021
We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...
Persistent link: https://www.econbiz.de/10013248110
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7
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/10013077956
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8
Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting
Weitzman, Martin
-
2016
In
theory
, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among …-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/10012997359
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9
Inflation Targeting
Svensson, Lars E. O.
-
2011
-market economies. The chapter discusses the history, macroeconomic effects,
theory
, practice, and future of inflation targeting …
Persistent link: https://www.econbiz.de/10013131986
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10
International Evidence on Sticky Consumption Growth
Carroll, Christopher D.
-
2008
We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
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