What I am looking forward to find:
1. Is it possible to use SEM to analyze an macroeconomic policy issues? if yes, then How Strutral Equational Modeling (SEM) can be applied in oder to analyze a macroeconomic problem when there is set of observable and latent factors involved.
2. How Structural Eqution Modelinh (SEM) is different from Simultaneous Equation Modeling (SIM), the later is widely applied in the field of economics.