Testimonials

Endorsements from Academics

Assaf Zeevi, Henry Kravis Professor of Business, Columbia University, New York, USA:

“Ultimate Risk Solutions” Global Economic Model, Predictable Dynamics, is a simple yet powerful dynamical systems-type model of macroeconomic evolution. It differs markedly from both Real Business Cycle (RBC) type models as well as most dynamic stochastic general equilibrium type models (DSGE’s). One significant trait of the latter two is their fine grain structure that typically is predicated on utility maximizing economic agents (and as such are also vulnerable to potential misspecification of their utility functions). URS Real World, in contrast, is more of an aggregate model that centers on the role of supply shocks that drive changes in the state of the economy according to a given dynamical system model which, among other things, also allows to incorporate monetary policy response.

Predictable Dynamics model is easy to interpret and explain, with few “moving parts,” and its parsimonious structure supports robust parameter inference and straightforward calibration to observed macro variables. It also lends itself to surprisingly accurate out-of-sample prediction. Especially noteworthy is its ability to capture the joint behavior across several economies, and as such it is well positioned to guide dynamic financial analysis that accounts for global cross-market dependencies.”

More on Risk Explorer™ :