The 2008 financial crisis posed unprecedented challenges to practitioners and policy makers around the world. Researchers responded in tandem by re-examining the approaches to model financial markets and their interactions with the real economy. Agent-based models, networks, dynamical systems, and mean-field games, and several other techniques became part of the emerging research area of systemic risk alongside more traditional economic models.

The Fields Institute played a leading role in these developments, having hosted numerous workshops and meetings on financial stability, mathematics for new economic thinking, monetary and fiscal policy, and market microstructure. More recently, as part of the new CQAM initiative, the Institute launched a new lab on Systemic Risk Analytics to take research in this area to a new level, including the novel applications of machine learning and blockchain technologies.

In this workshop, organized jointly with the New Approaches to Economic Challenges (NAEC) of the Organisation for Economic Co-operation and Development (OECD), the Fields Institute will host leading academic experts and policy makers to reflect on the lessons learned over the past 10 years. 
The workshop will be an opportunity to discuss recent advances in modelling of financial system with the aim of a sustainable, inclusive and stable economy. Topics will include heterogeneous agents, network models, growth and sustainability, income and wealth inequality, financial stability, and effective regulation.

It is expected that workshop will promote long-term collaborations between researchers from NAEC and the Fields Institute and Canadian regulators and policy makers, including groups at the Finance Ministry, the Bank of Canada, the Office of the Superintendent of Financial Institutions (OSFI), and the Canadian Securities Transition Office (CSTO). 

The first day of the workshop will feature mini-courses targeted towards graduate students, postdoctoral fellows and other young researchers. For more information on the schedule, please click here.