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http://hdl.handle.net/11375/26810
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DC Field | Value | Language |
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dc.contributor.advisor | Grasselli, Matheus R. | - |
dc.contributor.advisor | Bolker, Benjamin M. | - |
dc.contributor.author | Presta, Daniel M. | - |
dc.date.accessioned | 2021-08-26T14:08:47Z | - |
dc.date.available | 2021-08-26T14:08:47Z | - |
dc.date.issued | 2021 | - |
dc.identifier.uri | http://hdl.handle.net/11375/26810 | - |
dc.description.abstract | We aim to investigate the stability of various stock-flow consistent economic models, and the potential causes for economic collapse therein. Through parameter sensitivity analysis, we study models that feature a public sector, an active central bank, and a household sector with independent consumption. Our final, most comprehensive economic system combines all of the intricacies of each model, prominently featuring a demand-driven economy that is stabilized by an expansionary monetary policy. In addition, we incorporate a climate module for each economic system, and analyze public sector intervention through carbon taxes and abatement subsidies. We find that the most common feature of economic instability is a lack of demand, driven by decreases in capital investment from firms, as well as a decline in household consumption. In order to maintain a stable growth path and prevent a permanent economic contraction, we propose the implementations of an expansionary monetary policy, increased public sector subsidies of abatement costs, and stricter carbon taxes. | en_US |
dc.language.iso | en | en_US |
dc.subject | Economics, Stock-flow Consistent, Stability, Sensitivity, Climate Economics, Ecological Economics, Mathematical Economics, Jacobian Analysis, Differential Equations | en_US |
dc.title | Sensitivity and Stability: An Investigation of Stock-Flow Consistent Climate-Economic Models | en_US |
dc.type | Thesis | en_US |
dc.contributor.department | Mathematics and Statistics | en_US |
dc.description.degreetype | Thesis | en_US |
dc.description.degree | Master of Science (MSc) | en_US |
Appears in Collections: | Open Access Dissertations and Theses |
Files in This Item:
File | Description | Size | Format | |
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Presta_Daniel_M_2021July_MSc.pdf | 2.69 MB | Adobe PDF | View/Open |
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