15-16  April 2019

 NAEC - New approaches to economic challenges


New Analytical Tools and Techniques for Economic Policymaking

OECD Conference Centre (Room CC4)

Understanding of economic issues such as growth, financial crises, systemic risk, innovation and sustainability can benefit from the revolution taking place across a range of scientific disciplines and in the social sciences. This revolution is being driven by the interaction between technological progress in computing and communications and the new sources and greater quantities of data this makes available.

This NAEC conference offered a timely opportunity for policy-makers, academics and researchers in economics to discuss the state-of-the-art policy applications emerging from the new analytical tools and techniques. It looked at how methodological innovations and inter-disciplinary approaches such as agent-based modelling, nowcasting, machine learning, and network analysis could contribute to better understanding of the complexity and interaction of our economic, financial, social and environmental systems. 

=> Summary (pdf) ¦ Abstracts and Speaker Bios (pdf) ¦ Moderator bios (pdf)

On 17 April NAEC and its partners held master classes with some of the world’s leading practitioners on complexity, network analysis and agent-based modelling - See agenda 


> For external participants : [email protected]

> For OECD staff:
Register (Conference 15-16 April)
Register (Masterclasses 17 April)

> Watch the webcast
Conference (15 April) am / pm
Conference (16 April) am / pm
Masterclasses (17 April) am / pm

> Logistical note (pdf)

Agenda - 15 April 2019

Agenda 15-16 April  (pdf)


 Opening remarks


Angel Gurria, OECD Secretary-General (video)
Gabriela Ramos, OECD Chief of Staff and Sherpa
Laurence Boone, OECD Chief Economist
Martine Durand, OECD Chief Statistician

 Session 1: Why Do We Need New Analytical Tools and Techniques?

Moderator: Gabriela Ramos, OECD Chief of Staff and Sherpa


 Session 2: Nowcasting

Moderator: Lucrezia Reichlin, Professor of Economics, London Business School - Nowcasting (pdf)


Session 3: Agent Based Modelling

Moderator: J. Doyne Farmer, Director of Complexity Economics, Institute for New Economic Thinking, University of Oxford, and Rebuilding Macroeconomics - What is ABM? What are the opportunities and challenges? (pdf)



  • Robert Axtell, Chair of the Department of Computational Social Science at George Mason University, and Santa Fe Institute
Session 4: Network Analysis

Moderator: David Chavalarias, Director of the Complex Systems Institute of Paris idF - Economics and Network Analysis (pdf)



Agenda - 16 April 2019

Agenda 15-16 April (pdf)

 Session 5: Machine Learning and Big Data

Moderator: Martine Durand, OECD Chief Statistician


 Session 6: Complexity and Social Science

Moderator: Angus Armstrong, Director of Rebuilding Macroeconomics Network


Session 7: Young Researchers

Moderator: Alan Kirman, Chief Advisor to the NAEC Initiative - We Need New Blood (pdf)


Session 8: Roundtable on New Approaches to Macroeconomic Modelling

Moderator: Laurence Boone, OECD Chief Economist



  • James Carver, Investment Manager, Baillie Gifford

Closing remarks


William Hynes, NAEC Co-ordinator, OECD




Baillie Gifford logo Rebuilding Macroeconomics logo  JRC logo INET Oxford logo IIASA logo Partners for a New Economy logo ICS logo Fields logo Santa Fe Institute logo logo CFM