Integrated macroeconomic model (IMEM) and reasoning method for IMEM: combined qualitative-quantitative method

Author

Chen, Jian ; Sun, Guozhuo

Author_Institution

Dept. of Manage. Sci. & Eng., Tsinghua Univ., Beijing, China

Volume

3

fYear

2000

fDate

2000

Firstpage

1996

Abstract

Macroeconomic forecasting and control are complex problems, among which, the forecasting problem is basic but not easy. There are different methods for macroeconomic forecasting, however, these methods are still not well developed. This paper develops an integrated modeling framework that aims at formulating an integrated macroeconomic model. We explore the concept of and concepts related to the IMEM, and develop a combined qualitative-quantitative reasoning method for the IMEM. The concepts of the IMEM and its reasoning method are closely related. Along with our discussion, we give an example to show advantages of this approach

Keywords

economic cybernetics; forecasting theory; inference mechanisms; large-scale systems; IMEM; combined qualitative-quantitative reasoning; complex system; integrated macroeconomic model; integrated modeling framework; macroeconomic forecasting; qualitative-quantitative method; reasoning method; Aggregates; Demand forecasting; Economic forecasting; Engineering management; Macroeconomics; Mathematical model; Microeconomics; Optimization methods; Predictive models; Sun;

fLanguage

English

Publisher

ieee

Conference_Titel

Systems, Man, and Cybernetics, 2000 IEEE International Conference on

Conference_Location

Nashville, TN

ISSN

1062-922X

Print_ISBN

0-7803-6583-6

Type

conf

DOI

10.1109/ICSMC.2000.886407

Filename

886407