Policy Modelling and Analysis

Costa Rica is one of the countries where UN-DESA has built capacities on the use of modelling tools to inform sustainable development policies. Pilar Garrido, Deputy-Minister of Planning and Economic Policy of Costa Rica highlighted that “investing in modelling and linking it with policy is actually one of the most important elements for implementing the SDGs. It is a long-term relationship, it is investing in our countries capabilities to build sustainable, coherent and evidence based policies. I think this effort needs to be sustained overtime.”

Examples include the impact of a resurgence in the euro area debt crisis; a sharp adjustment in global energy prices; a fiscal stimulus coordinated among the largest economies; migration flows in Europe; conventional and unconventional monetary policy shocks; and a slowdown in trend productivity growth. The flexible model platform can be adapted to address a wide range of policy questions.