Vinsamlegast notið þetta auðkenni þegar þið vitnið til verksins eða tengið í það: http://hdl.handle.net/1946/26209
Complex financial and economical systems of the modern time demand a practical methodology to understand their behavior. To be able to manage such systems, first the causalities and their feedback loops need to be understood. The challenge is to form an impartial and holistic view of the system. To get there, a methodology is needed that can get specialist with different experience and discipline to work together towards a solution. That is why the Group System Analysis methodology was developed. The GSA methodology was applied on inflation and the Icelandic residential housing market. The process included workshops, where Icelandic professionals participated. A hypothesis about the causes of inflation and the causal loop diagram of the residential housing market were put forth and validated preliminarily. Further research is to develop a numerical model based on the causal loop diagrams and validate it based on historical data.