While economic models play a crucial role in quantifying and navigating the financial risks inherent in emerging DeFi platforms, they represent just one facet of a broader need for mindfulness.

The Nobel Memorial Prize in Economic Science was awarded today to two scholars who revolutionized the technique of statistically modeling national economies, stock markets, and other complex ...

Solving the Mystery of Europe’s Rise In October 2024, the Royal Swedish Academy of Sciences in Stockholm announced that the Nobel Prize in Economics was awarded to three economists who studied ...

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 ...

The method of model averaging has become an important tool to deal with model uncertainty, for example in situations where a large amount of different theories exist, as are common in economics. Model ...

Without fast-growing export markets, Germany’s model “is dead,” said Jacob Kirkegaard, a Brussels-based senior fellow at the Peterson Institute for International Economics in Washington, D.C.

Using a microsimulation approach, this study modeled the potential multiyear health and economic benefits of participating in cardiometabolic virtual-first care programs.

China is reopening after its long experiment with Zero COVID. But the pandemic exacerbated deep-seated imbalances in the nation’s economy. Xi Jinping knows that China’s growth model must be ...

What is behavioral economics? Behavioral economics is grounded in empirical observations of human behavior, which have demonstrated that people do not always make what neoclassical economists consider ...