Haldane outlines ‘interdisciplinary’ economics model

People against city backdrop
Agent-based models seek to capture the diversity of people in an economy

The Bank of England’s chief economist has joined forces with a specialist in plasma physics to outline a way of opening up the “insular” discipline of economics.

Andy Haldane and Arthur Turrell, a physicist-turned-data scientist at the BoE, present agent-based modelling as an interdisciplinary alternative to the standard models of economics, in a staff working paper published today (November 24).

Economics scores poorly in terms of citing other disciplines, and economists suffer from lower

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.