Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. In ensuing decades, agent-based models (ABMs) proliferated across many fields, including economics ...

Economists and psychologists work together to understand how human behavior impacts people's decision-making in the marketplace.

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

This is a preview. Log in through your library . Abstract This study uses a combination of individual-level and county-level data to estimate an economic model of crime for young adults similar to ...

Crucially, this is not just academic debate. The UK has already experimented with elements of new economics, for example, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Robert Kelly is managing director of XTS Energy LLC, ...

One evening in December, after a long day working from home, Jennifer Drouin, 30, headed out to buy groceries in central Amsterdam. Once inside, she noticed new price tags. The label by the zucchini ...

Today’s newsletter isn’t about Modern Monetary Theory (MMT), which has been the subject of a lot of back-and-forth in the economics world over the past couple of days. Suffice it to say that I ...