This paper gives an overview of the types of models available for analysing possible futures of the global economy. It then focuses on dynamic intertemporal general equilibrium models and describes how these models are used for both projections and scenario analysis. Some lessons from recent...

This paper explores prospects for the world economy to the year 2020 through a series of scenarios based on different assumptions about future changes in the structure of individual economies. It differs from most other medium term studies because we do not assume that each economy's variables...