{"id":122114,"date":"2024-01-23T07:35:54","date_gmt":"2024-01-23T06:35:54","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/122114\/"},"modified":"2024-11-07T05:14:09","modified_gmt":"2024-11-07T04:14:09","slug":"modeling-growth-distribution-and-the-environment-in-a-stock-flow-consistent-framework-wwwforeurope-policy-paper-no-18","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/122114\/","title":{"rendered":"Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework. WWWforEurope Policy Paper No. 18"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-122114","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Economic policy in the EU faces a trilemma of solving three challenges simultaneously \u2013 growth, distribution, and the environment. In order to assess policies that address these issues simultaneously, economic models need to account for both sector-sector and sector-environment feedbacks within a single framework. This paper presents a multi-sectoral stock-flow consistent (SFC) macro model where a demand-driven economy consisting of multiple institutional sectors \u2013 firms, energy, households, government, and financial \u2013 interacts with the environment. The model is calibrated for the EU region and five policy scenarios are evaluated: low consumption, a capital stock damage function, carbon taxes, higher share of renewable energy, and technological shocks to productivity. Policy outcomes are tracked on overall output, unemployment, income and income distributions, energy, and emission levels. Results show that investment in mitigation technologies allows for absolute decoupling and ensures that the above three issues can be solved simultaneously.","onlinedate":"2015-04-01 12:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20150201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"33","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":357307,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2015-04-01 12:00:00","types":[81966],"research_groups":[],"collaboration":"","persons":[5051],"persons_data":"[{\"personId\":5051,\"personName\":\"Asjad Naqvi\",\"organisationNames\":[]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework. WWWforEurope Policy Paper No. 18 - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/122114\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework. 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