Loading...
Thumbnail Image
Item

Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change

Heutel, Garth
Fischer, Carolyn
Citations
Altmetric:
Abstract

Environmental economics has traditionally fallen in the domain of microeconomics, but recently approaches from macroeconomics have been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real business cycle models can incorporate pollution and pollution policy and be used to answer several questions. How can environmental policy adjust to business cycles? How do different types of policies fare in a context with business cycles? Second, endogenous technological growth is an important component of environmental policy. Several studies ask how policy can be designed to both tackle emissions directly and influence the adoption of clean technologies. We focus on these two aspects of environmental macroeconomics but emphasize that there are many other potential applications.

Comments
<p>Preprint version of article published as:</p> <p>Fischer, C., & Heutel, G. (2013). Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change. <em>Annual Review of Resource Economics, 5</em>(1), 197-210. doi:<a href="http://dx.doi.org/10.1146/annurev-resource-091912-151819">10.1146/annurev-resource-091912-151819</a>.</p>
Description
Date
2013-02-01
Journal Title
Journal ISSN
Volume Title
Publisher
Research Projects
Organizational Units
Journal Issue
Keywords
Citation
Embargo Lift Date
DOI
Embedded videos