Topic 2.2 MEDEAS Economy Module: Modelling the MEDEAS’ Economy Module

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This session describes the main methodological features of the MEDEAS Economy Module. The general functioning of the macroeconomic model is explained step by step, paying special attention to the integration of Input-Output analysis and System Dynamics modelling. The most important innovation of the Economy Module, i.e., the Energy-Economy feedback is also described. Finally, some examples of simulations are shown, highlighting the relevance of including energy constraints to macroeconomic modelling.

Jaime Nieto Vega economist. GEEDS researcher, University of Valladolid

Raquel Viejo Montesinos realizadora CEMAV, UNED