Learn about Robert F. Engle III, a Nobel laureate credited with developing the ARCH model for analyzing financial market ...

The report warns many economic models are failing to capture extreme weather events and rising uncertainty likely to dominate ...

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

Researchers say governments and financial institutions underestimating threat because they rely on models that assume climate ...

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 ...

Economic models used by governments, central banks and investors are increasingly understating physical climate risk because ...

ECONOMISTS develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “What Are Economic Models,” F&D, ...