Rethinking Macroeconomics for Sustainability by Alejandro Nadal

03 August 2011 | News story

Rethinking Macroeconomics of Sustainability explores the relationship between macroeconomic policies and environmental sustainability, arguing that monetary and fiscal policies are as important for environmental stewardship as they are for growth and prosperity -- something that has not been adequately recognized this far. CEESP Steering Committee member Alejando Nadal's new publication has been receiving critical acclaim.

'This book couldn't come at a better time. As nations across the world debate macroeconomic policies to prevent and mitigate future financial crises, they will have to start asking hard questions regarding what the environmental impact of such policies may be.

Nadal's book is groundbreaking because it ties macroeconomics and the environment, shows how one has impacted the other, and provides guideposts for reform and reconciliation. It is a must read for macroeconomists and for environmental economists, policy makers and advocates trying to grapple with the triple crises in finance, climate change, and development more broadly.' - Kevin P. Gallagher, Boston university