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      <record key="001" att1="001" value="183648" att2="183648">001   183648</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-269.pdf</field>
      <field key="079" subkey="z">Heijdra, Ben J. - et al., Environmental Policy and the Macroeconomy in the Presence of Ecological Thresholds (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/269.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 269 (RePEc)</field>
      <field key="100" subkey="">Heijdra, Ben J.</field>
      <field key="103" subkey="">Faculty of Economics and Business, University of Groningen, The Netherlands, and Institute for Advanced Studies, CESifo, Netspar</field>
      <field key="104" subkey="a">Heijnen, Pim</field>
      <field key="107" subkey="">Faculty of Economics and Business, University of Groningen, The Netherlands</field>
      <field key="331" subkey="">Environmental Policy and the Macroeconomy in the Presence of Ecological Thresholds</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2011, May</field>
      <field key="433" subkey="">38 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 269</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; Core Model; Environmental and macroeconomic effects of public abatement; Extensions;</field>
      <field key="Con" subkey="c">lusions; Appendix: Welfare Analysis; References;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 269</field>
      <field key="700" subkey="">D60</field>
      <field key="700" subkey="">E62</field>
      <field key="700" subkey="">H23</field>
      <field key="700" subkey="">H63</field>
      <field key="700" subkey="">Q20</field>
      <field key="700" subkey="">Q28</field>
      <field key="700" subkey="">Q50</field>
      <field key="720" subkey="">Shallow-lake dynamics</field>
      <field key="720" subkey="">Bifurcation</field>
      <field key="720" subkey="">Environmental policy</field>
      <field key="720" subkey="">Abatement</field>
      <field key="720" subkey="">Overlapping generations</field>
      <field key="753" subkey="">Abstract: We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state</field>
      <field key="eco" subkey="l">ogical equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a</field>
      <field key="goo" subkey="d">and a bad one. Assuming that the ecology is initially located on the upper (bad) branch of the isocline, the ecological</field>
      <field key="equ" subkey="i">librium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment fromthe bad to</field>
      <field key="the" subkey="">good equilibrium. In all models considered in this paper, a “cold turkey” abatement policy is optimal, i.e. the largest</field>
      <field key="fea" subkey="s">ible shock should be administered for the shortest possible amount of time. Depending on the particular model used to</field>
      <field key="cha" subkey="r">acterize the economic system, there is a capital feedback effect that either helps or hinders the attainment of a successful</field>
      <field key="aba" subkey="t">ement policy.;</field>
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