An Engineering Grey-Box Approach to Macroeconomic Scenario Modelling: Time- and Frequency Domain Analysis of Macroeconomic Systems

This thesis is a first effort to develop a grey-box model of a macroeconomic system. This is in contrast to current black-box modelling approaches. These black-box modelling approaches result in models where the variables and parameters have no economic interpretation. Companies who develop macroeconomic scenario models such as Ortec Finance,...