Economics, Econometrics and Finance
4 years ago

New model predicts global economic trends with unprecedented accuracy and detail.

SSRN Electronic Journal
Policy Analysis and Forecasting in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach
Francis Vitek

Paper Summary

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The article presents a model of the world economy that looks at how different countries interact. It uses a method that combines different economic factors like money and government spending to see how they affect each other. The model helps predict how changes in one country can impact others, and it can also be used to forecast future economic trends.