Cover IMF Working Papers
Public Policy and the Enviroment: Survey of the Literature
Author: International Monetary Fund
Series:
IMF Working Papers
Volume/Issue:
Volume 1990: Issue 056
Language:
English
Publication Date:
01 Jan 1990
DOI:
https://doi.org/10.5089/9781451968057.001
ISBN:
9781451968057
ISSN:
1018-5941
Pages:
44
Keywords:
WP; government policy; pollution permit; pollution-generating activity; government investment policy; Policy failure; transaction costs; resource allocation; subsidy policy; air pollution; Environmental policy; Environmental protection; Natural resources; Environmental taxes; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper notes that market failure, policy failures, and population pressures are major sources of environmental degradation and that linkages between economic activities and the environment exist at the levels of macroeconomic objectives, macroeconomic policy instruments, implementation of environmental policies, and measurement of economic activity. This paper also points out that fiscal instruments can, and indeed do, play a significant role in resolving environmental problems. In addition, market-based solutions, including pollution permits, also have merit. This paper further points out that implementing environmental policies poses considerable challenges for public policymakers and concludes by suggesting areas for further research.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund