About
The current global Economic environment has brought to light a new level of complexity between its variables.
Simple textbook answers for the “monetary and fiscal policy” are no longer doing the trick.
In the last few decades we have seen an increase in new econometrics studies being performed by Central Banks, in an attempt to forecast, monitor and control, past, current and future macroeconomic indicators.
Some industries have recognised the need for structures, quantitative specialists, cross disciplinary professionals, also widely known as “engineers”.
“Financial Engineering” emerged as a profession around 1997, to meet the demand for strategic and precise trading and investment decisions.
Financial Engineers use theoretical finance, econometrics, and mathematical methods to achieve desired exposures, hedging any remaining or undesired risk, using financial instruments, modelling accurately their risk and pricing.
In our opinion “Economic Engineering” is about to emerge, to meet the demand for objective economic assessment.
Economic Engineers will use theoretical economics, econometrics, and mathematical methods to achieve desired economic impact in a domestic or global scale, modelling accurately fiscal and monetary policy.
Economic Engineering will be a truly cross-disciplinary field, relying on economics, numerical analysis and computer simulations to make macro or micro economic decisions.
This space is devoted to encourage, stimulate and support original and resourceful approaches to analytical and quantitative modelling.
