CORDIS Project
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This project focuses on developing a model evaluation technique to assess economic models' effectiveness in informing policy decisions. It aims to provide insights into monetary policy impacts, particularly in relation to deflationary pressures in the Euro Area.
The 2007 financial crisis and the 2009 European sovereign debt crisis highlighted how difficult it is to build models that capture the dynamics of the economic system.
The project develops a model evaluation technique that allows a researcher to assess how much the economic models of interest to a researcher are supported by the data.
The innovative technique set out in the project is developed in order to assist policy-makers address a wide variety of research questions, and to help them achiev…
QUEEN MARY UNIVERSITY OF LONDON
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