In order to facilitate constructive deliberation about macroeconomic policy models, I derive a list of ‘sustainability features’ that such models would ideally incorporate or reflect. Because besides working towards specific policy goals, policy makers are also required to contribute to the...

The stocks and flows of primary metal resources, and the estimates of so generated secondary scrap metal flows are tracked and analysed utilizing the traditional analytical method of ‘material flow analysis’. However, the scrap availability and hence the secondary metal production is also...

We propose a general protocol for calibration and validation of complex simulation models by an approach based on discovery and comparison of causal structures. The key idea is that configurations of parameters of a given theoretical model are selected by minimizing a distance index between two...

Since the late 1960s, the rising volatility of financial markets in the US has troubled econometricians and bank managers alike. Both professions have found it increasingly difficult to forecast savings deposit flows. This article explores these challenges by focusing on two developments. First,...

In this paper a two-phase pandemic-economic model is proposed, with phase-specific modeling and policy variables - as suggested by the chronicle of pandemic and economic policy developments over the period 2020-2021. In a first phase, the spread of a pandemic disease is the primary concern of...

In this paper, we explore the impact of recent interest rate increases on the Irish economy and chart out the potential impact using scenarios for the period 2023- 2025. We use the COSMO macroeconometric model of the Irish economy to test the impacts through credit markets and the real economy,...

The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms and the Australian economy, and in turn...

Carbon budgets are emerging as a key policy tool to set cumulative targets on greenhouse gas emissions at a national and international level. In this paper, we develop a methodology for simulation modelling of energy demand and carbon dioxide (CO2eq.) emissions to assess the implication of...