Although Dale never directly oversaw the large modeling efforts in the International Finance Division, he has played a key role in the Division’s efforts through the years. Dale made several contributions to the basic economics of the Multi-Country Model, and one of his models was used to set forth the MCM’s properties.
Dale was a major advocate of the model development efforts that led to FRB Global. He also played a large role in the two Brookings model projects that greatly advanced the large modeling field. Other model-based analysis The building and simulation of large models is not the only way researchers can contribute to policy design.