Post-Keynesian consumer-led transition

The paper introduces a demand-led post-Keynesian model to analyze the macroeconomic effects of transitioning to a low-carbon economy. It specifically explores a "downshifting" scenario where households voluntarily reduce their labor supply, comparing this to scenarios where consumption is reduced without labor withdrawal.

• The author utilizes a long-run post-Keynesian, demand-led model characterized by firms having significant price-administration freedom and household consumption showing inertia, which generates business cycles and long waves resulting from technological change.
• The research analyzes a "downshifting" scenario involving the voluntary withdrawal of labor by households to assess its impact on employment, growth, and stability, contrasting it with scenarios where consumption decreases but labor pool participation remains constant.

APA

Stockholm Environment Institute (2018). Post-Keynesian consumer-led transition. https://www.sei.org/publications/post-keynesian-consumer-led-transition/

Chicago

Stockholm Environment Institute. Post-Keynesian consumer-led transition. 2018. https://www.sei.org/publications/post-keynesian-consumer-led-transition/.

Wikipedia

{{cite report |author=Stockholm Environment Institute |title=Post-Keynesian consumer-led transition |date=10 January 2018 |url=https://www.sei.org/publications/post-keynesian-consumer-led-transition/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stockholmenvironmentinstitute2018postkeynesian, author = {{Stockholm Environment Institute}}, title = {{Post-Keynesian consumer-led transition}}, institution = {Stockholm Environment Institute}, year = {2018}, month = jan, url = {https://www.sei.org/publications/post-keynesian-consumer-led-transition/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }