Sustainable Growth and Financial Markets

Type Research Project

Funding Bodies

Duration March 1, 2017 - June 30, 2019

  • Institute for Ecological Economics IN (Details)


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  • Miess, Michael Gregor (Details) Project Head
  • Naqvi, Syed Ali Asjad (Details)
  • Rezai, Armon (Details) Project Head
  • Schmelzer, Stefan (Former researcher) Project Head

Abstract (English)

The aim of the research is to construct a novel macroeconomic model which incorporates the endogenous dynamics of the creation, valuation and distribution of financial assets and their repercussions on the real economy. We calibrate the model to recent economic developments in the Eurozone, use it to assess the sustainability of this current growth path and evaluate policy options to stimulate sustainable growth.


Working/discussion paper, preprint

2017 Naqvi, Syed Ali Asjad, Stockhammer, Engelbert. 2017. Directed Technological Change in an Ecological Macromodel. open access (Details)