Materials Selection in Economic Modeling

Research output: Working paperAcademic


Templates travel because they offer a tractable format that can be used for model-building in a variety of domains. It is often because of this quality that a particular template is chosen. But one cannot assume that there are always templates ready to model a new phenomenon, and moreover, templates have also been designed at some point. A critical aspect of this designing process is the choice of the mathematical objects with which one hopes to capture
this phenomenon. This means that one has to assess which of the properties of different kinds of mathematical objects and which combinations of them are most appropriate. The selection of these objects is based on whether their properties enable the model to perform its function. This selection of mathematical objects is similar to the selection of materials in
mechanical design.
Original languageEnglish
PublisherUtrecht University
Number of pages18
Publication statusPublished - Apr 2023

Publication series

NameU.S.E. Working Papers Series
PublisherUtrecht University
ISSN (Electronic)2666-8238


  • business cycle model
  • mathematical form
  • materials selection
  • model building
  • template


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