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Re:Economists don’t understand much about the macroeconomy by asah on Thursday September 19, 2019 @07:18AM (#21015171)
weird/crazy idea: using individual transaction data from various sources (credit cards, cash deposits, etc), would it be possible to build up a macro view from 100s of millions of people?

Start small (not the US), in a geo where electronic payments dominate, and where privacy isn't as important. If the model proves valuable, build modeling tools and scale up.

Counterpoint: there's a very large percentage (by value) of transactions that are invisible e.g. business partnerships, cryptocurrency, etc.

Re:Economists don’t understand much about the macroeconomy by chaosbutters on Thursday September 19, 2019 @07:32AM (#21015232)
agent based modeling where the probability of the agents' actions is dependent on actual economic data...

more realistic sim city (city skylines)

Re:Economists don’t understand much about the macroeconomy by SiempreViernes on Thursday September 19, 2019 @08:32AM (#21015531)
https://en.wikipedia.org/wiki/Agent-based_computational_econ...

I don't know that they've managed to produce the sort of general results that older economic theory.