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The DSK-SFC stock-flow consistent agent-based integrated assessment model

Severin Reissl, Luca Fierro, Francesco Lamperti and Andrea Roventini

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: We present an updated, stock-flow consistent version of the 'Dystopian Schumpeter meeting Keynes' agent-based integrated assessment model. By embedding the model in a fully specified accounting system, all balance sheet items and financial flows can be explicitly and consistently tracked throughout a simulation. This allows for an improved analysis of climate change and climate policy scenarios in terms of their systemic implications for agent and sector-level balance sheet dynamics and financial stability. We provide an extensive description of the updated model, representing the most detailed outline of a model from the well-established 'Keynes + Schumpeter' family available to date. Following a discussion of calibration and validation, we present a range of example scenarios.

Keywords: Climate change; Agent-based models; Integrated assessment (search for similar items in EconPapers)
Date: 2024-03-25
New Economics Papers: this item is included in nep-acc, nep-cmp, nep-env and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2024/09

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