The world is currently facing multiple crises that interact with each other, such as climate change, financial instability, increasing inequalities, and resource depletion – to name only a few. To cope with these challenges, the GEJP develops various modeling tools that help build scenarios of the future and provide support for policy decisions.
Developing such tools requires creating strong interdisciplinary connections between economics and natural sciences. On the economic side, our models emphasize the macroeconomic dynamics of investment, employment, inequality distributions, and private debt. On the environmental side, they analyze the effects of human activities on the climate and the availability of energy and materials. Thus, our models can provide an overall picture of the main issues that will confront human societies in the coming decades and help design a way forward.