Macroeconomic assessment of possible Green Recovery scenarios in Visegrad countries

Abstract The article discusses how and why Green Recovery could be beneficial for the Visegrad countries based on a modelling exercise using E3ME macroeconometric model. is defined as including policies in recovery plans that not only target economic recovery, but also contribute to environmental targets. paper proposes valuable suitable region contributing both restoring employment boosting activity well reaching climate goals. This tested through macroeconomic simulation, built Post-Keynesian theory econometric estimations of relationships. results analysis focus three dimensions: (1) social – employment, (2) level CO 2 emissions (3) gross domestic product (GDP). Outcomes indicate green can shorten time needed contributes emission reductions. In Hungary, Czechia Poland, impact persists into long-term; however, concludes with high reliance coal (e.g. Poland) return long term if no further are introduced.