{"id":{"repo_id":"mcmaster","oai_identifier":"oai:macsphere.mcmaster.ca:11375/26810"},"canonical_url":"https://search.dev.ndltd.org/etd/mcmaster/oai:macsphere.mcmaster.ca:11375/26810","repository":{"repo_id":"mcmaster","name":"McMaster University","base_url":"https://macsphere.mcmaster.ca/server/oai/request"},"display":{"title":"Sensitivity and Stability: An Investigation of Stock-Flow Consistent Climate-Economic Models","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.","abstract_html":"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.","abstract_has_math":false,"creators":["Presta, Daniel M."],"institution":null,"degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Mathematics and Statistics","school":null,"contributors":[],"advisors":["Grasselli, Matheus R.","Bolker, Benjamin M."],"committee_chairs":[],"committee_members":[],"year":2021,"date_issued":"2021","date_published":"2021","updated_at":"2026-08-21T16:46:30Z","subjects":["Economics, Stock-flow Consistent, Stability, Sensitivity, Climate Economics, Ecological Economics, Mathematical Economics, Jacobian Analysis, Differential Equations"],"languages":["en"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/11375/26810","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"source_record":{"url":"https://macsphere.mcmaster.ca/server/oai/request?verb=GetRecord&metadataPrefix=dim&identifier=oai%3Amacsphere.mcmaster.ca%3A11375%2F26810","prefix":"dim"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Grasselli, Matheus R.","Bolker, Benjamin M."]},{"key":"dc:contributor.department","label":"Department","values":["Mathematics and Statistics"]},{"key":"dc:creator","label":"Author","values":["Presta, Daniel M."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2021-08-26T14:08:47Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2021-08-26T14:08:47Z"]},{"key":"dc:date.issued","label":"Date","values":["2021"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Economics, Stock-flow Consistent, Stability, Sensitivity, Climate Economics, Ecological Economics, Mathematical Economics, Jacobian Analysis, Differential Equations"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["en"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/11375/26810"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["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."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["Master of Science (MSc)"]},{"key":"dc:title","label":"Title","values":["Sensitivity and Stability: An Investigation of Stock-Flow Consistent Climate-Economic Models"]}]}],"canonical_facts":{"dc:contributor.advisor":["Grasselli, Matheus R.","Bolker, Benjamin M."],"dc:contributor.department":["Mathematics and Statistics"],"dc:creator":["Presta, Daniel M."],"dc:date.accessioned":["2021-08-26T14:08:47Z"],"dc:date.available":["2021-08-26T14:08:47Z"],"dc:date.issued":["2021"],"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."],"dc:description.degree":["Master of Science (MSc)"],"dc:identifier.uri":["http://hdl.handle.net/11375/26810"],"dc:language.iso":["en"],"dc:subject":["Economics, Stock-flow Consistent, Stability, Sensitivity, Climate Economics, Ecological Economics, Mathematical Economics, Jacobian Analysis, Differential Equations"],"dc:title":["Sensitivity and Stability: An Investigation of Stock-Flow Consistent Climate-Economic Models"],"dc:type":["Thesis"]},"updated_at":"2026-08-21T16:46:30Z"}