The DSK-SFC stock-flow consistent agent-based integrated assessment model. LEM Working Paper No. 2024/09

Reissl, S., Fierro, L.E. ORCID: https://orcid.org/0000-0002-4378-1375, Lamperti, F., & Roventini, A. (2024). The DSK-SFC stock-flow consistent agent-based integrated assessment model. LEM Working Paper No. 2024/09. Sant'Anna School of Advanced Studies, Institute of Economics 10.2139/ssrn.4766122.

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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.

Item Type: Other
Uncontrolled Keywords: Climate change, Agent-based models, Integrated assessment
Research Programs: Advancing Systems Analysis (ASA)
Advancing Systems Analysis (ASA) > Exploratory Modeling of Human-natural Systems (EM)
Depositing User: Michaela Rossini
Date Deposited: 13 Jan 2025 12:13
Last Modified: 13 Jan 2025 12:14
URI: https://pure.iiasa.ac.at/20342

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