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Next Generation Analytical Approaches to Policy

We live in a connected world of coupled dynamic systems. Epidemic dynamics, economic contagions, network transmission of poor information, human emotions and behaviours are producing concurrent and mutually-amplifying shocks to global systems. The standard tools of mainstream equilibrium economics are inadequate to explain, to forecast, or to control these complex systems. New modelling and analysis tools are essential to understand these coupled nonlinear systems and to inform policy.

To meet this need, NAEC has forged a coalition of Institutions committed to developing new science and injecting it into the networks and structures of policymaking. The Agent-Based Modelling Lab at New York University (NYU) and the NAEC Unit have set out a framework and conditions for co-operation and a research partnership on new approaches to economics and policy. Building on the expertise and capacity of the two institutions, the partnership aims to develop innovative approaches applying insights and methods from agent-based modelling, behavioural neuroscience, contagion dynamics, network science, econophysics, and mathematics to policy questions spanning public health, inequality, conflict and economics.

To launch this collaboration, OECD and NYU will organise a series inviting world experts on state-of-the-art policy applications emerging from new analytical tools and techniques to show how methodological innovations and interdisciplinary approaches could contribute to a better understanding of the complexity and interaction of our economic, financial, social and environmental systems. A key focus will be on lessons and practical implications for policy.

 
 

 

Roundtable - Next Generation Analytical Approaches to Policy - 21 April 2022

Opening remarks

Dr. Cheryl Healton, Dean and Professor of the School of Global Public Health and the Director of the Global Institute of Public Health at NYU

Ulrik Vestergaard Knudsen, Deputy Secretary-General of the OECD

Introduction

Roundtable: Next Generation Analytical Approaches to Policy

Moderator: Sinéad O'Sullivan, Institute of Strategy and Competitiveness at Harvard Business School

Panellists:

  • Angus Armstrong, Director of Rebuilding Macroeconomics Network
  • Robert Axtell, Professor Computational Science, George Mason University
  • Joshua M. Epstein, Professor of Epidemiology, New York University School of Global Public Health and Director of the NYU Agent-Based Modeling Lab
  • Gillian Golden, Policy Advice and Implementation, Education and Skills Directorate, OECD
  • Matheus GrasselliProfessor of Mathematics, McMaster University and the Fields Institute for Research in Mathematical Sciences, Toronto
  • Cars Hommes, Professor of Economic Dynamics, University of Amsterdam
  • Blake LeBaron, Professor of International Economics, Brandeis International Business School