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|a The Green Golden Rule
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|a We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who smooth their consumption patterns, according to the HF hypothesis, are more likely to preserve the environment than those who anticipate future consumption or who do not so smooth consumption.
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Faria, João Ricardo, McAdam, Peter |
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Faria, João Ricardo, McAdam, Peter |
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lfer |
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We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who smooth their consumption patterns, according to the HF hypothesis, are more likely to preserve the environment than those who anticipate future consumption or who do not so smooth consumption. |
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text-online-monograph-independent |
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Frankfurt am Main, Germany, European Central Bank, [2019] |
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Frankfurt am Main, Germany: European Central Bank, [2019] |
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DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-Zwi2 |
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Faria, João Ricardo VerfasserIn (DE-588)128542705 (DE-627)374709297 (DE-576)297205196 aut, The Green Golden Rule habit and anticipation of future consumption João Ricardo Faria, Peter McAdam, Frankfurt am Main, Germany European Central Bank [2019], 1 Online-Ressource (circa 10 Seiten), Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Working paper series / European Central Bank no 2247 (February 2019), We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who smooth their consumption patterns, according to the HF hypothesis, are more likely to preserve the environment than those who anticipate future consumption or who do not so smooth consumption., McAdam, Peter VerfasserIn (DE-588)171483618 (DE-627)061689270 (DE-576)132274426 aut, Europäische Zentralbank Working paper series no 2247 (February 2019) 224700 (DE-627)372370322 (DE-576)108090442 (DE-600)2123559-4 1725-2806, http://dx.doi.org/10.2866/977209 Resolving-System kostenfrei Volltext, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf Verlag kostenfrei Volltext, http://hdl.handle.net/10419/208281 Resolving-System kostenfrei, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf LFER, LFER 2019-05-29T00:00:00Z |
| spellingShingle |
Faria, João Ricardo, McAdam, Peter, The Green Golden Rule: habit and anticipation of future consumption, Europäische Zentralbank, Working paper series, no 2247 (February 2019), We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who smooth their consumption patterns, according to the HF hypothesis, are more likely to preserve the environment than those who anticipate future consumption or who do not so smooth consumption. |
| title |
The Green Golden Rule: habit and anticipation of future consumption |
| title_auth |
The Green Golden Rule habit and anticipation of future consumption |
| title_full |
The Green Golden Rule habit and anticipation of future consumption João Ricardo Faria, Peter McAdam |
| title_fullStr |
The Green Golden Rule habit and anticipation of future consumption João Ricardo Faria, Peter McAdam |
| title_full_unstemmed |
The Green Golden Rule habit and anticipation of future consumption João Ricardo Faria, Peter McAdam |
| title_in_hierarchy |
no 2247 (February 2019). The Green Golden Rule: habit and anticipation of future consumption ([2019]) |
| title_short |
The Green Golden Rule |
| title_sort |
green golden rule habit and anticipation of future consumption |
| title_sub |
habit and anticipation of future consumption |
| title_unstemmed |
The Green Golden Rule: habit and anticipation of future consumption |
| url |
http://dx.doi.org/10.2866/977209, https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf, http://hdl.handle.net/10419/208281 |
