One thought on “Keen2019ECB_FirstPrinciplesEnergyEnvironmentMoneyMacroeconomics”

  1. Great to see energy incorporated in the model. With energy there is need to add efficiency. In USA energy consumption is flat to slightly down from 2003 thru 2018 while GDP grew a bit over 2%/yr on average. Total energy intensity in real $ terms has declined 60% since 1950, at a near linear rate. The technology existed in 2000 to double the GDP on half the energy in about 50-60 years if the effort had been made.

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