A Proposal for the Greening of Textbook Macro: 'IS-LM-EE'

Anthony Heyes

No 99/7, Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London

Abstract: The celebrated ecological economist Herman Daly asked "Is there no a neglected connection between the environment and the macroeconomics we teach? If there is no such thing as environmental macro in our textbooks, should there be? If so what should it look like?". Emphasising the need to breach widely-used undergraduate texts we show that an 'environmental equilibrium' (EE) line can be added to the standard IS-LM diagram that remains the work horse of undergraduate macro-teaching and is widely used for applied policy analysis. The familiar comparative static analyses of fiscal and monetary policy are reworked. It is argued that chapter sections detailing the environmental extension should be incorporated into all IS-LM-using texts.

Keywords: Sustainable; development; -; IS/LM (search for similar items in EconPapers)
JEL-codes: O11 Q20 (search for similar items in EconPapers)
Pages: pages
Date: 2000-02, Revised 2000-02
New Economics Papers: this item is included in nep-ene and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9907.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9907.pdf [307 Temporary Redirect]--> https://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9907.pdf [307 Temporary Redirect]--> https://www.royalholloway.ac.uk/economics/Research/WorkingPapers/pdf/dpe9907.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hol:holodi:9907

Ordering information: This working paper can be ordered from
Egham Hill, Egham, Surrey, TW20 0EX, UK.

Access Statistics for this paper

More papers in Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London Egham Hill, Egham, Surrey, TW20 0EX, UK..
Bibliographic data for series maintained by Claire Blackman ( this e-mail address is bad, please contact ).