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Can we afford the Green New Deal?
Journal of Post Keynesian Economics ( IF 0.6 ) Pub Date : 2020-11-09 , DOI: 10.1080/01603477.2020.1835499
Yeva Nersisyan , L. Randall Wray

In this policy brief, Yeva Nersisyan and Senior Scholar L. Randall Wray argue that assessing the "affordability" of the Green New Deal is a question of whether there are suitable and sufficient real resources than can be mobilized to implement this ambitious approach to climate policy. Only after a careful resource accounting can we address the question of whether taxes and other means might be needed to reduce private spending to avoid inflation as the Green New Deal is phased in. Nersisyan and Wray provide a first attempt at resource budgeting for the Green New Deal, weighing available resources--including potential excess capacity and resources that can be shifted away from existing production--against what will be needed to implement the major elements of this plan to fight climate change and ensure a just transition to a more sustainable economic model.

中文翻译:

我们能负担得起绿色新政吗?

在这份政策简报中,Yeva Nersisyan 和高级学者 L. Randall Wray 认为,评估绿色新政的“负担能力”是一个问题,即是否有合适和足够的实际资源可以动员来实施这种雄心勃勃的气候政策方法. 只有在仔细的资源核算之后,我们才能解决是否可能需要税收和其他手段来减少私人支出以避免随着绿色新政逐步实施而避免通货膨胀的问题。 Nersisyan 和 Wray 首次尝试了绿色新政的资源预算交易,
更新日期:2020-11-09
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