Macroeconomic models revolutionize economic policy, transform lives across Chile.
The article gives an overview of different types of general equilibrium models used in studying the Chilean economy. It summarizes the findings of twelve models presented at a conference organized by the Central Bank of Chile. The three main types of models discussed are macroeconomic GEMs, computable general equilibrium models, and overlapping generations models. The goal is to understand how these models can help analyze and predict economic trends in Chile.
