Running the NGFS Scenarios in G-Cubed: A Tale of Two Modelling Frameworks

Photo by Isaac Smith on Unsplash

by Christoph Bertram (PIK); Antoine Boirard (Banque de France); Jae Edmonds (UMD); Roshen Fernando (Australian National University); David Gayle (Bank of England); Ian Hurst (NIESR); Weifeng Larry Liu (Australian National University); Warwick McKibbin (Australian National University); Clément Payerols (Banque de France); Oliver Richters (PIK) and Edo Schets (Bank of England), 17 June 2022.

The NGFS Workstream on “Macrofinancial” commissioned a pilot project in 2021 to explore the feasibility of integrating the G-Cubed general equilibrium model into the NGFS suite of models. At the time this project was completed, the workstream on macrofinancial was chaired by Sarah Breeden, Executive Director for Financial Stability, Strategy and Risk at the Bank of England.

This project was conducted in partnership with Australian National University (ANU) - Roshen Fernando, Weifeng Larry Liu and Warwick McKibbin, and a consortium of academics representing the models used within the existing NGFS scenarios: Potsdam Institute for Climate Impact Research (PIK); International Institute for Applied Systems Analysis (IIASA); University of Maryland (UMD); Pacific-Northwest National Laboratory (PNNL); and the National Institute of Economic and Social Research (NIESR).

Relevant link: https://cama.crawford.anu.edu.au/cama-publications/g-cubed-modelling-res...

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Running the NGFS Scenarios in G-Cubed: A Tale of Two Modelling Frameworks

Updated:  27 November 2022/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin