📅 2024-06-23 — Session: Developed economic volatility modeling framework
🕒 19:20–20:30
🏷️ Labels: Economic Modeling, Volatility, Simulation, Github, Manuscript
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop a novel framework for economic volatility modeling, focusing on micro to meso and meso to macro aggregation techniques.
Key Activities
- Discussed a systematic approach to economic volatility modeling, emphasizing the novelty and practical implications for econometricians.
- Outlined a research paper titled ‘Advanced Simulation Techniques for Modeling Economic Shocks: A Computational Approach,’ detailing its structure, objectives, and empirical applications.
- Thematic grouping of experiments related to microshocks, bootstrap analysis, and distribution analysis.
- Outlined essential conditions for crafting an effective ‘Theoretical Framework’ section, emphasizing clarity, comprehensive explanations, empirical support, and technical rigor.
- Advanced simulation techniques for modeling economic shocks were discussed, focusing on bootstrap analysis and empirical verification using French trade data.
- Developed a strategic plan for manuscript development, including repository setup and writing phases.
- Provided a guide for setting up a GitHub repository for the economic simulation project.
Achievements
- Established a comprehensive framework for economic volatility modeling.
- Structured a detailed plan for manuscript development and GitHub repository setup.
Pending Tasks
- Further empirical validation of the proposed economic volatility models.
- Completion of the manuscript draft and integration with GitHub repository.