The Global Economic Crisis Smash Effect Simulation: Theoretical Framework
FEA Working Paper No. 2009-27
6 Pages Posted: 20 May 2009 Last revised: 5 Jan 2010
Date Written: May 20, 2009
This paper proposes the uses of the global economic crisis smash effect simulation theoretical framework to evaluate the final effects of the global financial crisis on the world economy. We present different scenarios and results according to different levels of devastation that the global financial crisis can generate on the world economy. It is based on the evaluation of the unemployment and the world wide poverty dissemination. We suggest the application of economic modeling in real time and multi-dimensional economic modeling to visualize different scenarios and the final impact of the global financial crisis.
Keywords: Econographicology, Economic Modeling, Macroeconomic Policy, Economic Teaching, Multi-Dimensional graphs and Multi-Dimensional Physical Spaces
JEL Classification: E60
Suggested Citation: Suggested Citation