I am wondering if the anomalous predicted debt-to-GDP ratio in 2038 could be a result of the intrinsic property of the model when we want to predict some long-run results. In physics, even a simple system like 'Double rods' would exhibit some chaotic behaviors thus making itself unpredictable. So does the OG-USA model have some chaotic properties or how did you avoid chaotic behaviors when building the model?
Thanks for presenting!
I am wondering if the anomalous predicted debt-to-GDP ratio in 2038 could be a result of the intrinsic property of the model when we want to predict some long-run results. In physics, even a simple system like 'Double rods' would exhibit some chaotic behaviors thus making itself unpredictable. So does the OG-USA model have some chaotic properties or how did you avoid chaotic behaviors when building the model?