Despite significant mathematical refinements, econometrics has shown the weaknesses of its logical underpinnings, primarily during economic turning points—financial crises, pandemics, and geopolitical ...

Spatial econometrics addresses the challenges posed by spatially correlated data, enabling researchers to understand and quantify how economic phenomena in one location can influence those in ...

Surveying economists for their projections on a variety of economic and financial indicators and aggregating the results has wide appeal, and for good reason. The wisdom of the crowd, such as it is, ...

Eureka moments are rare in all fields, not least in economics.1 One such moment came to me when I was an undergraduate at the London School of Economics in the 1960s. I was talking to a friend who was ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Lawrence Klein, the University of Pennsylvania economist who won the 1980 Nobel Prize for his computer-based models that help governments forecast the future and act accordingly, died Sunday at his ...

The global financial crisis, triggered by the subprime mortgage problem and resulting in the collapse of a major American investment bank in September 2008, has seriously affected the Japanese economy ...