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Macroeconomics and the environment

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  • Katheline Schubert

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article examines the recent literature on macroeconomics and the environment from the perspective of the methodological approach, the questions asked and the types of responses given. It also reviews the place of the environment in textbooks and major macroeconomics journals. It shows that almost no space is given to environmental issues in short-term macroeconomics. Environmental issues are perceived as affecting the long-term and the structure of economies rather than the current situation. It can therefore be expected that studies on growth and the teaching of theories of growth would give them an important role. The article shows that while this is partly the case with regard to the literature, it does not hold at all with regard to teaching. The road ahead for truly integrating environmental issues into macroeconomics remains long.

Suggested Citation

  • Katheline Schubert, 2018. "Macroeconomics and the environment," PSE-Ecole d'économie de Paris (Postprint) halshs-01886548, HAL.
    • Handle: RePEc:hal:pseptp:halshs-01886548
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    Cited by:

    1. Claire Alestra & Gilbert Cette & Valérie Chouard & Rémy Lecat, 2020. "Long-term growth impact of climate change and policies: the Advanced Climate Change Long-term (ACCL) scenario building model," AMSE Working Papers 2007, Aix-Marseille School of Economics, France.

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