GEMMA (Green Economic Macro-Model and Accounts)
Advanced economies face an unprecedented combination of economic, financial, environmental, and social problems. Some societies may choose not to pursue economic growth as a matter of policy. Others may find themselves unable to achieve growth. In either case, it is essential to consider the implications in advance to avoid adverse outcomes. This project supports the development of a novel macroeconomic model for managing without growth. The model can be used to analyze economic and financial stability, employment, and social outcomes in the context of resource and environmental limits.
Professor of Environmental Studies
Professor of Sustainable Development
University of Surrey