The field of economic models and forecasting encompasses the development and application of theoretical, empirical and computational frameworks to predict future economic outcomes. These models range ...

Despite significant mathematical refinements, econometrics has shown the weaknesses of its logical underpinnings, primarily during economic turning points—financial crises, pandemics, and geopolitical ...

Researchers from the European Central Bank, European Stability Mechanism, and Universität Bonn propose a new forecasting method called parametric tilting that helps economists incorporate new ...

Domenico Giannone, an internationally recognized thought leader in econometrics and macroeconomic forecasting, is searching for innovative methods to better understand the complexities of global ...

Forecasting inflation has become a major challenge for central banks since 2020, due to supply chain disruptions and economic uncertainty post-pandemic. Machine learning models can improve forecasting ...

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 ...

Will the world still need economists in 2030? With skin in the game, we certainly hope so — but artificial intelligence is already transforming economic analysis. In our own work — and in a review of ...

NOAA’s Climate Prediction Center released its latest ENSO Diagnostic Discussion on March 12, noting a transition from La Niña conditions and increasing odds that El Niño will develop later this year.