Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297164 
Year of Publication: 
2024
Series/Report no.: 
LEM Working Paper Series No. 2024/09
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
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.
Subjects: 
Climate change
Agent-based models
Integrated assessment
JEL: 
E70
C63
Q50
Q54
Document Type: 
Working Paper

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