Geoscientific Model Development
Geoscientific Model Development
GMD
Articles | Volume 19, issue 19
Articles | Volume 19, issue 19
https://doi.org/10.5194/gmd-19-9411-2026
© Author(s) 2026. This work is distributed under
the Creative Commons Attribution 4.0 License.
https://doi.org/10.5194/gmd-19-9411-2026
© Author(s) 2026. This work is distributed under
the Creative Commons Attribution 4.0 License.
Articles | Volume 19, issue 19
Model description paper
 | 
06 Oct 2026
Model description paper |  | 06 Oct 2026

Schumpeterian disaggregation and integrated assessment: An endogenous, stock-flow consistent economy in disequilibrium for FRIDA v2.1

Martin B. Grimeland, Benjamin Blanz, William Schoenberg, and Beniamino Callegari

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Latest update: 06 Oct 2026
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Short summary
This study develops a novel global economic model to better capture how climate change interacts with finance, innovation, employment, and public budgets. Instead of treating climate damage as a simple output loss, the model traces how rising temperatures affect investment risk, productivity, unemployment, and government spending. Large simulation ensembles show that without stronger climate action, growth slows, financial fragility rises, and welfare and debt pressures increase.
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