This paper studies the impact of green fiscal rules – designed to protect climate-related spending –on debt dynamics. Simulations of green rules that exempt green spending from the rule limits for an emergingmarket economy illustrate that they can lead to unsustainable debt dynamics when the...

"The Political Ecology of Austerity explores the scholarly and political debates surrounding the environmental dimension of austerity policies that has thus far escaped academic, policy and media attention. By contributing to a better comprehension of the full socio-environmental impact of...