The evolving macroeconomic landscape, marked by technological change, climate risks, geopolitical uncertainties, and structural shifts in domestic production and consumption, requires analytical tools that are both robust and adaptive. Traditional static models often fall short in capturing the dynamic interactions and feedback mechanisms that characterize modern economies. In response, this study seeks to develop a macroeconometric framework that captures these complexities while supporting forward-looking policy analysis.
From Legacy to Living Model: Revitalizing the PIDS Macroeconomic Model for a Changing Economy
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