Neoliberal economics has opposed or rolled back policy measures designed to protect the environment. Neoclassical economics recognises environmental degradation as a classic example of an externality and frames its response in terms of correcting that market failure, but the limitations of its...

Every week, the media report stories of environmental destruction. Most of this destruction has been caused either directly or indirectly by economic activity. While the media attention mainly focuses on climate change, serious issues are also emerging regarding the availability of fresh water,...

Mit diesem Buch liegt zum ersten Mal in deutscher Sprache eine umfassende und geschlossene Analyse offener Volkswirtschaften auf Grundlage der Neuen Makroökonomik vor. Dazu werden zunächst die wesentlichen Elemente der neuen Makroökonomik, die ja ursprünglich für geschlossene Ökonomien...

This paper provides a model-based macroeconomic assessment of First-Mover Advantage (FMA) in environmental technologies, in which a European sector becomes world leader and captures the global market for a particular technology. The E3MG model is used to assess a set of scenarios where the FMA...

In this paper we consider future options for Japanese energy and climate policy. We assess the economic and environmental impacts of changing the share of electricity generated by nuclear power and varying the mid-term GHG targets. The quantitative approach we use is based on the global...

Environmental tax reform (ETR), a shift in taxation towards environmental taxes, has been implemented on a small scale in a number of European countries. This paper first gives a short review of the literature about ETR. An Appendix briefly describes the model used for a modelling exercise to...