The DEFINE-GLOBAL model is an ecological stock-flow consistent (E-SFC) model that analyses the interactions between the ecosystem, the financial system and the macroeconomy at the global level. It incorporates explicitly the laws of thermodynamics, the impact of carbon emissions on climate change, the implications of climate damages, the waste generation process, the endogeneity of money and the impact of finance on economic activity.

The model consists of two big blocks. The first block is the ecosystem block which includes equations about (i) matter, recycling and waste, (ii) energy, (iii) emissions and climate change and (iv) ecological efficiency and technology. The second block is the macroeconomy and financial system block which includes equations about (i) output determination, (ii) firms, (iii) households, (iii) banks, (iv) the government sector and (v) the central banks.

Manual

Version	Date	Description
DEFINE-GLOBAL 1.1	August 2022	DEFINE-GLOBAL 1.0 + Fiscal and financial policies
DEFINE-GLOBAL 1.1	January 2021	DEFINE-GLOBAL 1.0 + Fiscal and financial policies
DEFINE-GLOBAL 1.1	August 2019	DEFINE-GLOBAL 1.0 + Fiscal and financial policies
DEFINE-GLOBAL 1.0	May 2018	First version of DEFINE-GLOBAL