A goal programming approach for a joint design of macroeconomic and environmental policies: a methodological proposal and an application to the Spanish economy.
نویسندگان
چکیده
The economic policy needs to pay increasingly more attention to the environmental issues, which requires the development of methodologies able to incorporate environmental, as well as macroeconomic, goals in the design of public policies. Starting from this observation, this article proposes a methodology based upon a Simonian satisficing logic made operational with the help of goal programming (GP) models, to address the joint design of macroeconomic and environmental policies. The methodology is applied to the Spanish economy, where a joint policy is elicited, taking into consideration macroeconomic goals (economic growth, inflation, unemployment, public deficit) and environmental goals (CO(2), NO( x ) and SO( x ) emissions) within the context of a computable general equilibrium model. The results show how the government can "fine-tune" its policy according to different criteria using GP models. The resulting policies aggregate the environmental and the economic goals in different ways: maximum aggregate performance, maximum balance and a lexicographic hierarchy of the goals.
منابع مشابه
Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach
Following the 2008 financial crisis, the application of macro-prudential policies has expanded to ensure financial stability. In addition, in most oil-exporting economies, oil revenues are an important source of fluctuations in macroeconomic variables and, therefore, calls for the use of macroeconomic stabilization policies. Considering the vulnerability of financial stability in the Iranian ec...
متن کاملAn Application of the Stochastic Optimal Control Algorithm (OPTCON) to the Public Sector Economy of Iran
In this paper we first describe the stochastic optimal control algorithm called ((OPTCON)). The algorithm minimizes an intertemporal objective loss function subject to a nonlinear dynamic system in order to achieve optimal value of control (or instrument) variables. Second as an application, we implemented the algorithm by the statistical programming system ((GAUSS)) to determine the optimal fi...
متن کاملPolicy Requirements under Different Macroeconomic Conditions: An Application of Micro CPI Data
The purpose of the paper is to answer several questions. First, if inflation, business cycles, and exchange rate changes are viewed as representative of the state of the economy, is there any evidence of the difference in the type of reaction of the economic sector to monetary and fiscal policies in different macroeconomic conditions? Second, if there is a difference in the type of economic r...
متن کاملIntelligent Auto pilot Design for a Nonlinear Model of an Autonomous Helicopter by Adaptive Emotional Approach
There is a growing interest in the modeling and control of model helicopters using nonlinear dynamic models and nonlinear control. Application of a new intelligent control approach called Brain Emotional Learning Based Intelligent Controller (BELBIC) to design autopilot for an autonomous helicopter is addressed in this paper. This controller is applied to a nonlinear model of a helicopter. This...
متن کاملPredicting the Effects of New Sanctions and Evaluating Fiscal Policies in the Context of a Macroeconomic Model with Mixed-Frequency Data Sampling for the Iranian Economy Under Sanctions
In the Iranian economy, which has experienced various sanctions, it was necessary to anticipate macroeconomic variables when imposing new sanctions. On the other hand, in the context of sanctions, it is possible to make a more accurate assessment of economic policies in order to be able to respond in a timely manner to these shocks and the need for appropriate planning and security against them...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Environmental management
دوره 43 5 شماره
صفحات -
تاریخ انتشار 2009