The recent world wide economic crisis put forward the need for new tools able to help policy makers in understanding the dynamics of modern economies. This project proposes to address this need by creating an integrated set of complex systems-based ICT tools for modeling the economy that will be of practical use to policymakers in developing policy, testing policy scenarios, and assessing likely policy impacts and efficacy. Specifically, the aim of the project is to develop two empirically grounded agent based model, one describing the European financial system and the other describing the European macro-economy. These models will be the basis for the setting up of a scenario management interface and visualization interface to support analysis for policymakers. This is an FP7 ICT STREP project.

The project involves eleven research units: Potsdam Institut Fuer Klimafolgenforschung, Universiteit Van Amsterdam, Centre de Recerca en Economia Internacional - Barcelona, Medizinische Universitaet - Wien, The City University - London, London School of Economics and Political Science, Aita International Informatikai - Budapest, Universitè  degli Studi di Palermo, Commissariat a l'Energie Atomique et aux Energies Alternatives - Paris, Universitè  Politecnica delle Marche - Ancona, Scuola Normale Superiore - Pisa and Universitè  Cattolica del Sacro Cuore, Milan (which is the project leader unit).

The main tasks of the Palermo unit composed by Rosario Nunzio Mantegna (principal investigator) and Salvatore Miccichè are:

The aim of the project is to investigate systemic risk issues by combining information about the level of fragility of individual firms and the network structure of the exposures amongst firms and amongst firms and banks.

The project involves four research units: University of Palermo, Palermo, Italy, which is the project leader unit. The other three units are: Scuola Normale Superiore, Pisa, Italy, Università Politecnica delle Marche, Ancona, Italy and Banca d'Italia, Rome, Italy. The project is funded by the Institute for New Economic Thinking (INET), a private foundation sponsored by George Soros.

The main tasks of the Palermo research unit composed by Rosario Nunzio Mantegna (principal investigator), Salvatore Micciché and Michele Tumminello are:

All activities will be conducted in collaboration with the research units of Università Politecnica delle Marche, Banca d'Italia and Scuola Normale Superiore.

The aim of the project is to develop an empirically grounded agent based model for the simulation of the future European air traffic scenarios currently investigated under the European Single European Sky ATM Research (SESAR) initiative.

The project involves three research units: Deep Blue, Rome, Italy (a consultancy private company) is the project leader unit. The other two units are University of Palermo, Palermo, Italy and Scuola Normale Superiore, Pisa, Italy. The project is funded by the SESAR WPE initiative through EUROCONTROL (ECTL), The European Organization for the Safety of Air Navigation.

The main tasks of the Palermo unit composed by Rosario Nunzio Mantegna and Salvatore Micciché (principal investigator) are:

All these research activities will be conducted in collaboration with Deep Blue and the Scuola Normale Superiore research unit.

ComplexWorld is the Netwwork that will organize the research on the applicability of state-of-the-art Complex Systems Science methodologies with the main general objective of advancing in the understanding of the behaviour of the Air Traffic Management (ATM) system, as a necessary step prior to improving its overall performance. The project is funded by Eurocontrol through SESAR JU.