Macroeconomic models play a crucial role in decision making and federal budget planning but may not fully account for the economic disruptions caused by extreme climate-related impacts (e.g., extreme ...

The White House says the Federal Reserve underestimates productivity gains. Not so, says Fed Chair Jerome Powell.

The report warns many economic models are failing to capture extreme weather events and rising uncertainty likely to dominate impacts in a hotter world.

This Technical Assistance followed a request by the National Bank of Ukraine for a review of their existing Quarterly ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Papers presented at the conference on “Macroeconomic Models for Monetary Policy” held March 6, 2009, at the Federal Reserve Bank of San Francisco addressed such issues as how to model wage and price ...

Research has revealed several facts about financial crises based on historical data. Crises are rare events that are associated with severe recessions that are typically deeper than normal recessions.

Marx never made claims about economic theories as science. He pointed out the mechanisms of capitalism and that some of the negative effects of capitalism were inevitable due to the way capitalism ...

This session aimed to gain insight into the macroeconomic models and inputs used at the decision-making level. In his talk, Robert Arnold, Congressional Budget Office (CBO), echoed Stock by stressing ...

It seems like we have a sustained tangent in the “domestic consequences” thread, about modern monetary theory (MMT) and why it is good, or bad. I contributed to the tangent, but (as I was hopefully ...