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Further research is needed to extend the study to involve other important modelling approaches such as theory-based macro-economic forecasting for instance Dynamic Stochastic General Equilibrium (DSGE) modelling. DSGE is exemplified by the Global Economy Model (GEM) which provides support in policy analysis to central banks and the International Monetary Fund (IMF) (Bayoumi 2004). 


How will this further add to understanding the scope and limitations of different modelling paradigms?



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    • Course Name : Information Technology in a Global Economy


      Field of Study : PhD in Information Technology


      Please find the written assignment question in the attachment?

    • Further research is needed to extend the study to involve other important modelling approaches such as theory-based macro-economic forecasting for instance Dynamic Stochastic General Equilibrium …