ABSTRACT
This chapter introduces readers to the latest version of the global simulation model GINFORS, a dynamic input–output model whose early applications in resource-efficiency scenario analyses have already been published in a seminal contribution by Giljum et al. It aims to give an answer and meet the literature that Dornbusch at al. qualified as the "Neokeynesian Counter Revolution". The chapter discusses the role of the two different approaches in the construction of the reference. One approach is to produce a plausible forecast on the basis of the underlying model that excludes the policy that is analyzed in the alternative scenarios. Thus, the resulting findings offer an opportunity to classify the impacts of alternative economic modelling approaches on the overall outcomes of applied simulation studies. The chapter examines the POLFREE project where the two large-scale models EXIOMOD and GINFORS have been applied in an economic–environmental analysis.
