A new ecological macroeconomic model: Analysing the interactions between the ecosystem, the financial system and the macroeconomy

Dafermos, Yannis; Galanis, G.; Nikolaidi, M.

Abstract

Our economy, environment and financial system cannot be viewed in isolation: each interacts with the other. However, the current models that inform policy making lack a clear understanding of the links between these systems. This is a significant gap. It’s time to develop a new modelling framework that can analyse these links in an integrated way.

• Journal Article Type: Article
• Acceptance Date: Sep 30, 2015
• Publication Date: Sep 30, 2015
• Deposit Date: Jan 25, 2016
• Publicly Available Date: May 30, 2016
• Journal: New Economics Foundation
• Peer Reviewed: Not Peer Reviewed
• Keywords: ecosystem, financial system, ecological macroeconomics
• Public URL: https://uwe-repository.worktribe.com/output/805257
• Publisher URL: http://www.neweconomics.org/publications/entry/a-new-ecological-macroeconomic-model
• Contract Date: May 30, 2016