Counterfactual
A model-based path showing what the economy might have looked like under different shocks, rules, or assumptions.
No alternate label listed.
Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Models and projections
A model-based path showing what the economy might have looked like under different shocks, rules, or assumptions.
An explicit alternative path created by changing assumptions, shocks, or policy settings.
The reference equilibrium or benchmark level around which many macro models are organized.