Thomas Russell
Canada Research Chair in Frontiers of Economic Analysis
“My research is making advanced economic modelling more accessible, efficient and practical for policymakers and researchers.”
Economic models help policymakers understand consumer behaviour and market dynamics. Partially identified models are a type of economic model that can be used under weak modelling assumptions, often making them more credible tools for policy analysis. However, the large number of computational resources required to use them has limited their widespread adoption.
Thomas Russell from the Department of Economics is exploring how to approximate partially identified models using a low amount of computing resources. His research will study the computational complexity of existing models before investigating techniques to approximate complex models with simpler surrogate models. This work will make it easier for economists to use credible economic models and will help researchers better understand the trade-off between computational complexity and model accuracy.
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