People-Centered Economic Modelling for Climate Policy
Current research studies (work in progress)
Commissioned by: Vienna Science and Technology Fund
Study by: Austrian Institute of Economic Research – International Institute for Applied Systems Analysis – Vienna University of Economics and Business
In this project, we aim at assessing the impact of carbon pricing on firms and households in Austria using a novel macroeconomic
agent-based model (ABM) with an extraordinary level of granularity. The ABM will be calibrated on administrative datasets
that have become available through the Austrian Microdata Center (AMDC). Newly available registry-based household and firm
data will allow us to parameterize the ABM to accurately represent the entire population of Austria at an unprecedented level
of granularity. This would be a major step towards creating a full "digital twin" of a national economy to be used as a tool
for assessing the distributional impact of climate policy on individual firms and households, with a focus on the heterogeneity
of such effects across socioeconomic characteristics.
