Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Examples include the impact of a resurgence in the euro area debt crisis; a sharp adjustment in global energy prices; a fiscal stimulus coordinated among the largest economies; migration flows in ...

Digitalization is transforming everything, and as a part of this, the technology-driven economic model (TDEM) continues to evolve. You may have heard of this model as a technology-based economy model.

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points Flawed economic models mean the accelerating impact of the climate crisis could lead to ...

Dave Elder-Vass does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...