During the past decade the issue of a general welfare double dividend (an improvement in environmental quality combined with a positive welfare effect) triggered by a tax shift from labour to energy resources has been extensively debated. In this book, Kurt Kratena studies the employment effects...

This paper develops a teaching apparatus of Lucas's 1972 model aimed at improving students' ability to interpret the underlying structure of modern macroeconomics models. In this respect, the Lucas island model represents the perfect "case study", since it falls into the narrow range of mile...