Machine learning for economics research: when, what and how

Ajit Desai

No 2023-16, Staff Analytical Notes from Bank of Canada

Abstract: This article reviews selected papers that use machine learning for economics research and policy analysis. Our review highlights when machine learning is used in economics, the commonly preferred models and how those models are used.

Keywords: Central bank research; Econometric and statistical methods; Economic models (search for similar items in EconPapers)
JEL-codes: A1 A10 B2 B23 C4 C45 C5 C55 (search for similar items in EconPapers)
Date: 2023-10
New Economics Papers: this item is included in nep-ban, nep-big, nep-cba, nep-cmp and nep-pke
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Related works:
Working Paper: Machine Learning for Economics Research: When What and How? (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:23-16

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