Tools & Technology Chris Burnage Tools & Technology Chris Burnage

At last! Agent computing for economics policy

Today, there is a new window of opportunity to adopt agent computing as a mainstream analytic tool in economics. Here, I discuss four major aspects in which this technology can improve economic policymaking: causality and detail, scalability and response, unobservability and counterfactuals, and separating design from implementation. In addition, I highlight the crucial role that policy agencies and research funders have in this endeavor by supporting a new generation of computationally-enabled social scientists.

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