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This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly...
Persistent link: https://www.econbiz.de/10012958859
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Fiscal policy has a strong role to play in the transition to an ecologically sustainable economy. This paper critically discusses the way that green fiscal policy has been analysed in both conventional and post-Keynesian approaches. It then uses a recently developed post-Keynesian ecological...
Persistent link: https://www.econbiz.de/10012609069
Using an ecological macrofinancial model, we explore the potential impact of the "green supporting factor" (GSF) and the "dirty penalising factor" (DPF) on climate-related financial risks. We identify the transmission channels by which these green differentiated capital requirements (GDCRs) can...
Persistent link: https://www.econbiz.de/10012668963
Addressing the climate crisis requires a deep socio-ecological transformation of our economies. This transformation involves the implementation of climate policies that not only transform standard macroeconomic and financial tools but also lead to sufficiency-based consumption patterns. The...
Persistent link: https://www.econbiz.de/10014363462
Using an ecological macrofinancial model, we explore the potential impact of the "green supporting factor" (GSF) and the "dirty penalising factor" (DPF) on climate-related financial risks. We identify the transmission channels by which these green differentiated capital requirements (GDCRs) can...
Persistent link: https://www.econbiz.de/10012660405
We develop an ecological stock-flow consistent (SFC) model to analyse the channels through which green public investment and a shift to more environmentally friendly consumption patterns can affect macroeconomic and environmental outcomes. A key novelty of our approach is that we consider...
Persistent link: https://www.econbiz.de/10013288852
Using an ecological macrofinancial model, we explore the potential impact of the ‘green supporting factor' (GSF) and the ‘dirty penalising factor' (DPF) on climate-related financial risks. We identify the transmission channels by which these green differentiated capital requirements (GDCRs)...
Persistent link: https://www.econbiz.de/10012827652
Persistent link: https://www.econbiz.de/10012794087