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
• Publication Date: Sep 30, 2015
• Journal: New Economics Foundation
• Peer Reviewed: Not Peer Reviewed
• Institution Citation: Dafermos, Y., Galanis, G., & Nikolaidi, M. (2015). A new ecological macroeconomic model: Analysing the interactions between the ecosystem, the financial system and the macroeconomy
• Keywords: ecosystem, financial system, ecological macroeconomics
• Publisher URL: http://www.neweconomics.org/publications/entry/a-new-ecological-macroeconomic-model