Performativity describes when an economic model comes to construct the reality it is meant to describe, instead of merely describing it.

As climate-economic models grow to play a larger role in trillion-dollar policy choices, the need for transparent, reproducible, and resilient analysis becomes increasingly urgent.

Economic models are failing us because they don’t reflect large forces that are starting to affect our economy: climate change, demographics, deglobalization and artificial intelligence.

Update (3/15/24): This piece has been updated with more recent examples. After President Joe Biden called for an end to "trickle-down economics" and promoted a vision of the U.S. in which the ...

People are often surprised to learn that economic development organizations (EDOs) focus on more than just recruiting new companies to an area. Modern EDOs go beyond marketing a region to attract ...

Economic models provide insights into global sustainability challenges WEST LAFAYETTE, Ind. - Using models that blend global economics, geography, ecology and environmental sciences is essential to ...

Moreover, it’s something that rings true even in an economic slowdown. For example, consider a downturn in an economy with the new production possibility frontier below.

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 ...

Now the country faces its worst economic crisis this century with natural gas exports tumbling while the dominant socialist party's spend-to-grow economic model has imploded.