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

Reissl, S., Fierro, L. ORCID: https://orcid.org/0000-0002-4378-1375, Lamperti, F., & Roventini, A. (2025). The DSK stock-flow consistent agent-based integrated assessment model. Ecological Economics 236 e108641. 10.1016/j.ecolecon.2025.108641.

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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 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.

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