People-Centered Economic Modelling for Climate Policy

In this project, we aim to assess the impact of carbon pricing on firms and households in Austria using a novel macroeconomic agent-based model (ABM) with an exceptional level of granularity. The ABM will be calibrated using administrative datasets that have become available through the Austrian Microdata Centre (AMDC). Newly available registry-based household and business data will allow us to parameterise the ABM to accurately represent the entire Austrian population at an unprecedented level of granularity. This would be a major step towards creating a complete 'digital twin' of a national economy, which could be used as a tool to assess the distributional impacts of climate policies on individual firms and households, with a focus on the heterogeneity of such impacts across socio-economic characteristics.