Project description ICT solutions for governance and policy modelling Show the project objective Hide the project objective In his opening address to the ECB Central Banking Conference, Jean-Claude Trichet said that "in the face of the crisis, we felt abandoned by conventional tools", and went on to call for the development of complex systems based approaches to augment existing ways of understanding the economy. This project proposes to address this need by creating an integrated set of complex systems-based ICT tools for modeling the economy, of practical use to policy makers, to be used in both simulation and gaming modes.The core element of our project will be a pair of coupled agent-based models of the European economy, one for the financial system and one for the macro-economy. The European model will in turn be coupled to a corresponding American model developed in an independently funded sister project. These models will be carefully calibrated using a comprehensive data set. The models will be constructed around the available data, so that the resulting model can be placed in the existing state of the real economy at any given point in time, and used to simulate that economy going forward. The decision making components of the model will also be calibrated using laboratory experiments with human subjects. The final result will include a sophisticated graphical user interface with open-source software. This model will allow us to do research to better understand the combined European and American economies, freed from the constraint of unrealistic assumptions such as perfect rationality and representative agents.The output of the research will be used to provide new insights for policy makers and evaluate quantitatively policy measures at the European level. Fields of science natural sciencescomputer and information sciencessoftware Programme(s) FP7-ICT - Specific Programme "Cooperation": Information and communication technologies Topic(s) ICT-2011.5.6 - ICT solutions for governance and policy modelling Call for proposal FP7-ICT-2011-7 See other projects for this call Funding Scheme CP - Collaborative project (generic) Coordinator UNIVERSITA CATTOLICA DEL SACRO CUORE Address Largo gemelli 1 20123 Milano Italy See on map Region Nord-Ovest Lombardia Milano Activity type Higher or Secondary Education Establishments Administrative Contact Guido Castelli (Dr.) Links Contact the organisation Opens in new window Website Opens in new window EU contribution € 607 811,00 Participants (12) Sort alphabetically Sort by EU Contribution Expand all Collapse all MEDIZINISCHE UNIVERSITAET WIEN Austria EU contribution € 284 064,00 Address Spitalgasse 23 1090 Wien See on map Region Ostösterreich Wien Wien Activity type Higher or Secondary Education Establishments Administrative Contact Wolfgang Dorda (Prof.) Links Contact the organisation Opens in new window Website Opens in new window POTSDAM-INSTITUT FUR KLIMAFOLGENFORSCHUNG EV Participation ended Germany EU contribution € 40 992,00 Address Telegrafenberg a31 14473 Potsdam See on map Region Brandenburg Brandenburg Potsdam Activity type Research Organisations Administrative Contact Susanne Ziche (Ms.) Links Contact the organisation Opens in new window Website Opens in new window Centre de Recerca en Economia Internacional (CREI) Spain EU contribution € 80 022,00 Address Ramon trias fargas 25/27 08005 Barcelona See on map Region Este Cataluña Barcelona Activity type Research Organisations Administrative Contact Anna Rios (Ms.) Links Contact the organisation Opens in new window Website Opens in new window COMMISSARIAT A L ENERGIE ATOMIQUE ET AUX ENERGIES ALTERNATIVES France EU contribution € 282 717,00 Address Rue leblanc 25 75015 Paris See on map Region Ile-de-France Ile-de-France Paris Activity type Research Organisations Administrative Contact Jean-christophe Coste (Dr.) Links Contact the organisation Opens in new window Website Opens in new window AITIA INTERNATIONAL INFORMATIKAI ZARTKORUEN MUKODO RT Hungary EU contribution € 370 724,00 Address Czetz janos utca 48-50 1039 Budapest See on map Region Közép-Magyarország Budapest Budapest Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Administrative Contact Nora Otvos (Dr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITA POLITECNICA DELLE MARCHE Italy EU contribution € 69 600,00 Address Piazza roma 22 60121 Ancona See on map Region Centro (IT) Marche Ancona Activity type Higher or Secondary Education Establishments Administrative Contact Francesco Maria Chelli (Prof.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITA DEGLI STUDI DI PALERMO Italy EU contribution € 135 544,00 Address Piazza marina 61 90133 Palermo See on map Region Isole Sicilia Palermo Activity type Higher or Secondary Education Establishments Administrative Contact Eugenia D'Anna (Ms.) Links Contact the organisation Opens in new window Website Opens in new window SCUOLA NORMALE SUPERIORE Italy EU contribution € 135 412,00 Address Piazza dei cavalieri 7 56126 Pisa See on map Region Centro (IT) Toscana Pisa Activity type Higher or Secondary Education Establishments Administrative Contact Larissa Zoni (Dr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITEIT VAN AMSTERDAM Netherlands EU contribution € 420 082,00 Address Spui 21 1012WX Amsterdam See on map Region West-Nederland Noord-Holland Groot-Amsterdam Activity type Higher or Secondary Education Establishments Administrative Contact Wilma De Kruijf (Ms.) Links Contact the organisation Opens in new window Website Opens in new window THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD United Kingdom EU contribution € 605 835,00 Address Wellington square university offices OX1 2JD Oxford See on map Region South East (England) Berkshire, Buckinghamshire and Oxfordshire Oxfordshire Activity type Higher or Secondary Education Establishments Administrative Contact Linda Pialek (Ms.) Links Contact the organisation Opens in new window Website Opens in new window CITY UNIVERSITY OF LONDON United Kingdom EU contribution € 283 197,00 Address Northampton square EC1V 0HB London See on map Region London Inner London — East Haringey and Islington Activity type Higher or Secondary Education Establishments Administrative Contact Jaideep Mukherjee (Mr.) Links Contact the organisation Opens in new window Website Opens in new window LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Participation ended United Kingdom EU contribution € 0,00 Address Houghton street 1 WC2A 2AE London See on map Region London Inner London — West Westminster Activity type Higher or Secondary Education Establishments Administrative Contact Jonathan Deer (Dr.) Links Contact the organisation Opens in new window Website Opens in new window
