Economic Models

Washington’s Secret Policy Engine: How economic policy models dominate D.C.—and put invisible shackles on what ideas lawmakers offer to govern our lives—despite often being biased, incomplete, and inaccurate. Special Issue, April 2023.

• 

  Illustration by Rob Dobi

  Hidden in Plain Sight

  The distorting power of macroeconomic policy models

  Rakeen Mabud, David Dayen

• 

  Illustration by Rob Dobi

  How Models Get the Economy Wrong

  Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality.

  Joseph E. Stiglitz