In recent times, ecologists and economists have drawn attention to the fact ecological and economic systems are jointly determined. Once this is recognized, it seems rather obvious that ecological-economic systems ought to be studied as one system. However, because this recognition has been very...

Recent empirical studies reveal that monetary shocks cause persistent fluctuations in inflation and aggregate output. In the literature, few mechanisms have been identified to generate such persistence. In this paper, we propose a new mechanism that does so. Our model features an input-output...

Ecologists and economists are increasingly in agreement that ecological and economic systems are linked and that these systems should be viewed as one system. However, because this recognition has been recent, there are very few formal studies of jointly determined ecologicaleconomic systems...