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In monetary Stock-Flow Consistent (SEC) models, accounting identities reduce the number of behavioral functions to avoid an overdetermined system of equations. We relax this restriction using a differential-algebraic equation framework of constrained dynamics. Agents exert forces the variables...
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Persistent link: https://www.econbiz.de/10012261071
This thesis conceptualizes a method to analyze the structural dependencies between the physics of energy use and the economy. By synthesizing stock-flow consistent models, input-output models, and aspects of ecological macroeconomics, a discrete dynamical model is developed to simultaneously...
Persistent link: https://www.econbiz.de/10011609952