Agent-based models remain rare among economics departments

Economics Benchmarks 2020 highlights the varied applications of different model types at central banks

Only a handful of central bank economics departments are working with agent-based modelling, indicating the approach to tackling complexity is still in relatively early stages of development.

Other model types are far more common. Only one central bank respondent to Economics Benchmarks 2020 said it did not use semi-structural models. All 30 central bank respondents said they used time-series modelling for at least one application. Dynamic factor models are also widespread: only two central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: