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

Severin Reissl, Luca E. Fierro, Francesco Lamperti and Andrea Roventini

Ecological Economics, 2025, vol. 236, issue C

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.

Keywords: Climate change; Agent-based models; Integrated assessment (search for similar items in EconPapers)
JEL-codes: C63 E70 Q50 Q54 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800925001247
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:236:y:2025:i:c:s0921800925001247

DOI: 10.1016/j.ecolecon.2025.108641

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().