Documents Xepapadeas, Anastasios 3 results

"Sustainable development, environmental sustainability, green economies and green growth are issues which are of great importance for both the research and the policy agenda. The present paper clearly defines the concepts of sustainability and environmental sustainability and provides a conceptual framework for developing sustainability-founded cost benefit rules. It shows that a certain policy cannot necessarily simultaneously satisfy sustainable development and environmental sustainability objectives, the development of green economies, and the attainment of development or green growth.This is important for decision makers because it suggests using more than one criterion depending on the combination of the objectives to be pursued.The cost benefit rules presented in this paper could provide a basis for a clear distinction among objectives and for project selection mechanisms that promote single or multiple objectives."

"We study monetary policy under climate change in order to answer the question of whether monetary policy should take into account the expected impacts of climate change. The setup is a new Keynesian dynamic stochastic general equilibrium model of a closed economy in which a climate module that interacts with the economy has been incorporated, and the monetary authorities follow a Taylor rule for the nominal interest rate. The model is solved numerically using common parameter values and fiscal data from the euro area. Our results, which are robust to a large number of sensitivity checks, suggest non-trivial implications for the conduct of monetary policy."

"The Environmental and Resource Economics special issue “Economics of the Environment in the Shadow of Coronavirus” comes at a hugely critical time for environmental economists and policy makers alike. We are in a situation of significant social change, a change that could potentially lay the foundation for mankind's future in the years to come.
As part of this special issue, ERE is trialling a novel, experimental form of article, drawing together short, focussed pieces from a wide group of authors addressing the plethora of issues which such a fundamental challenge as the coronavirus pandemic generates. These provide critical and reflective perspectives on the environmental, socio-economic and policy paths that may be taken in the near and further future—strategies that could lead mankind either on roads to a much more sustainable development, or along paths that could bring about more instability, inequality and further environmental pressures. This innovative article combines short, policy-relevant and less technical papers that deal with specific aspects and provide clear recommendations for policy makers and suggestions for future research alike. The target audiences are policy makers and companies, but also researchers who want quick yet sufficiently detailed knowledge about particular analyses relating to COVID-19 and issues in environmental economics. We hope that the articles contained within this Perspectives collection provide the necessary information for policy makers to take wise decisions for our future, and for researchers the knowledge to help guide policy makers in their decisions..."