Structural economic models, while parsimonious and interpretable, often exhibit poor data fit and limited forecasting performance. Machine learning models, by contrast, offer substantial flexibility ...

Reimagining national economies by blending entrepreneurial mysticism with economics to unlock imagination, innovation, and ...

The ongoing revolution in artificial intelligence, especially deep learning, is transforming research across many fields, including economics. Its impact is particularly strong in solving equilibrium ...

This article appears in the April 2023 issue of The American Prospect magazine. Subscribe here. Americans have been hammered for decades with an economic message that amounts to this: When wealthy ...

Economic Model Predictive Control (EMPC) represents an evolution of traditional control strategies, where the primary objective is to directly optimise an economic cost function rather than merely ...

Critics say economic models not fit for purpose Economists urged to take broader, cross-discipline view COP28 climate talks start in Dubai on Nov. 30 Nov 22 (Reuters) - Ahead of international climate ...

It is a sort of weird article because they just say “consumption tax, but designed to be progressive,” which is… pretty hand-wavey I guess? @Locke suggested a land value tax instead. (Georgism is, of ...

Central banks use macroeconomic models to help frame the issues that they face, to mold their ideas, and to guide them in their decisionmaking. While a wide range of models are available, economists ...

Right-wing nationalist governments in Hungary and Poland only made a selective break with neoliberal economics after the 2008 crash. Their goal was to strengthen domestic capital against foreign ...