macroeconomic modeling
[/ˌmækroʊˌɛkəˈnɑːmɪk ˈmɑːdəlɪŋ/]
nounpl: macroeconomic modelings
modelagem macroeconômica
1. The process of creating mathematical representations and simulations of an entire economy to forecast economic trends, analyze policy impacts, and understand complex economic relationships at the aggregate level
Macroeconomic modeling helped central banks predict inflation rates during the pandemic.
A modelagem macroeconômica ajudou os bancos centrais a prever as taxas de inflação durante a pandemia.
2. The use of econometric techniques and computational methods to simulate economic scenarios involving GDP, unemployment, interest rates, and other national economic indicators
The Federal Reserve relies on sophisticated macroeconomic modeling to guide monetary policy decisions.
O Banco Central usa modelagem macroeconômica sofisticada para orientar decisões de política monetária.
Macroeconomic modeling is a cornerstone of central bank operations in both Brazil and the USA. The Banco Central do Brasil and the Federal Reserve extensively use these models to inform monetary policy. In Brazil, with its history of high inflation and economic volatility, macroeconomic modeling has become increasingly sophisticated. The term is primarily used in academic, governmental, and financial circles rather than in everyday conversation.
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