Using a stock-flow-fund ecological macroeconomic model, we analyse (i) the effects of climate change on financial stability and (ii) the financial and global warming implications of a green quantitative easing (QE) programme. Emphasis is placed on the impact of climate change damages on the...

Using an ecological macrofinancial model, we explore the potential impact of the ‘green supporting factor' (GSF) and the ‘dirty penalising factor' (DPF) on climate-related financial risks. We identify the transmission channels by which these green differentiated capital requirements (GDCRs)...

Fiscal policy has a strong role to play in the transition to an ecologically sustainable economy. This paper critically discusses the way that green fiscal policy has been analysed in both conventional and post-Keynesian approaches. It then uses a recently developed post-Keynesian ecological...

Using an ecological macrofinancial model, we explore the potential impact of the "green supporting factor" (GSF) and the "dirty penalising factor" (DPF) on climate-related financial risks. We identify the transmission channels by which these green differentiated capital requirements (GDCRs) can...

This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly...

We develop an ecological stock-flow consistent (SFC) model to analyse the channels through which green public investment and a shift to more environmentally friendly consumption patterns can affect macroeconomic and environmental outcomes. A key novelty of our approach is that we consider...