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The distinctive contribution of this book is the formulation of an integrated social, environmental, and economic framework for public policy. This contribution is realised through investigations and conclusions in the following four domains: a formal stylised model that provides a platform for...
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We extend Krawczyk and Kim (Macroecon Dyn 13(1):46–80, <CitationRef CitationID="CR19">1999</CitationRef>) and apply a viability approach to a small-open economy where the exchange rate works as an additional monetary policy transmission channel. A continuous-time version of the model presented in Batini and Haldane (In: Monetary policy...</citationref>
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Traditional means of studying environmental economics and management problems consist of optimal control and dynamic game models that are solved for optimal or equilibrium strategies. Notwithstanding the possibility of multiple equilibria, the models’ users—managers or planners—will...
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