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Global bioeconomic SFC model for the study of financial instabilities
[Modèle bioéconomique SFC pour l'étude des instabilités financières]

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  • Matthieu Bordenave

    (USPC - Université Sorbonne Paris Cité, ROMA TRE - Università degli Studi Roma Tre = Roma Tre University)

Abstract

This paper presents a global macroeconomic model that combines the economic impact of climate change with different agroforestry policies.The aim is to integrate climate damage and a dimension of biodiversity loss into an economic growth model while stressing the importance of tropical reforestation policies for climate change mitigation. Using a Stock-Flow Consistent approach based on Goodwin-Keen logic, we couple the non-linear monetary dynamics of underemployment and income distribution while taking into account the role of private debt as a factor of financial instabilities. The calibration at the scale of world enables us to simulate different planetary scenarios.

Suggested Citation

  • Matthieu Bordenave, 2023. "Global bioeconomic SFC model for the study of financial instabilities [Modèle bioéconomique SFC pour l'étude des instabilités financières]," Working Papers hal-03843040, HAL.
    • Handle: RePEc:hal:wpaper:hal-03843040
    Note: View the original document on HAL open archive server: https://hal.science/hal-03843040v2
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    References listed on IDEAS

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    More about this item

    Keywords

    Bioeconomic model; agroforestry; climate damages; Goodwin; Keen; Stock Flow Consistent Dynamics; Out of equilibrium dynamics;
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