Towards a Stock-Flow Consistent Ecological Macroeconomics
Date
2015Author
United Nations Environment Programme
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RT Generic T1 Towards a Stock-Flow Consistent Ecological Macroeconomics A1 United Nations Environment Programme YR 2015 LK https://wedocs.unep.org/20.500.11822/9781 PB UNEP AB TY - GEN T1 - Towards a Stock-Flow Consistent Ecological Macroeconomics AU - United Nations Environment Programme Y1 - 2015 UR - https://wedocs.unep.org/20.500.11822/9781 PB - UNEP AB - @misc{20.500.11822_9781 author = {United Nations Environment Programme}, title = {Towards a Stock-Flow Consistent Ecological Macroeconomics}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9781} } @misc{20.500.11822_9781 author = {United Nations Environment Programme}, title = {Towards a Stock-Flow Consistent Ecological Macroeconomics}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9781} } TY - GEN T1 - Towards a Stock-Flow Consistent Ecological Macroeconomics AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/9781 PB - UNEP AB -View/Open
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This paper describes the challenge of modelling combined economic, ecological and financial systems and sets out a series of objectives for modelling the socio-economic transition towards sustainability. It highlights the modelling needs in relation to full employment, financial stability, and social equity under conditions of constrained resource consumption and ecological limits. It outlines the development of a dedicated system-dynamics model for describing Financial Assets and Liabilities in a Stock-Flow consistent Framework (FALSTAFF) and presents some hypothetical results calibrated for the Canadian economy. The selected scenarios illustrate the complex relationships between real and financial aspects of the macroeconomy and allow some initial tests on the financial viability of green investment."
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