¿I specialized in mathematical economics and econometrics because they allow you to master the rest of the social areas.¿
Quantitative models are a tool to more accurately estimate the impact each private and public policy decision has on results. According to Araceli Ortega Díaz, general equilibrium theories can quantify synergistic effects, for example, by using fiscal or monetary policy tools to know how costly the fight against maternal mortality is and how long it will take to achieve it.
She is interested in econometric models, income distribution and poverty, economic growth and convergence, evaluation of public policy and computable general equilibrium models. She is certain that applied mathematics is an unrelenting tool because it allows for logic-based, effective decision making.
What Ortega Díaz enjoys the most is the fact that economics is a science that incorporates knowledge from areas such as mathematics, psychology, and sociology, among others. This offers economists a wide array of precise tools to perform public policy analysis that can improve people¿s lives, corporate finances, and government policies.
Economics constantly improves quantitative models thanks to achievements such as Amartya Sen¿s poverty studies, the Black-Scholes financial model or Kahneman¿s behavioral economics ¿Nobel Prize laureates¿, which fascinates Ortega Díaz. That is why her challenge is to keep herself up to date and to continue to learn from the best.