We introduce the concept of carbon footprint into an aggregate demand and supply model with imperfectly competitive price and wage formation. We analyse the properties of the short-term macroeconomic equilibrium in the presence of a climate policy, which may take the form either of a carbon tax...

We survey the issue of environmental limits to growth in macroeconomic theory. We first analyse to what extent economic growth may be constrained in a world with finite natural resources. We next cover the topic of growth-induced environmental degradation. For both themes, we present the...

We reassess the issue of limits to growth in an endogenous growth model of a decentralized economy where final productions require a recyclable essential material input. The model relies on technological assumptions consistent with the material balance principle and on an explicit distinction...

[fre] Dans un cadre à la Hecscher-Ohlin, cet article étudie comment un commerce international croissant, défavorable au travail peu qualifié, affecte une économie industrialisée caractérisée par une rigidité à la baisse de certains salaires réels entraînant du chômage chez les...

In a stochastic dynamic general equilibrium framework, we introduce the concept of capacity utilization (as opposed to capital utilization). We consider an economy where monopolistic firms use a putty-clay technology and decide on their productive capacity and technology under under uncertainty....