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 ...

Examples include the impact of a resurgence in the euro area debt crisis; a sharp adjustment in global energy prices; a fiscal stimulus coordinated among the largest economies; migration flows in ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

The report warns many economic models are failing to capture extreme weather events and rising uncertainty likely to dominate impacts in a hotter world.

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points Flawed economic models mean the accelerating impact of the climate crisis could lead to ...

Scientists have warned that current models are significantly underrepresenting the toll climate change is taking on the ...

Economic models used by governments, central banks and investors are “increasingly understating” climate change risks as the world continues to heat up. A new report led by the University of Exeter’s ...