Co-Pierre Georg (UCT) and Doyne Farmer (Oxford University) organized the workshop “Agent-Based Modelling for Systemic Stress Testing”, which took place on 9-10 March 2017 at Oxford University.
A range of institutions took part in the workshop, such as the Bank of England, Norges Bank, ECB, Oxford, Leicester, ZEW, Mannheim, and UCT. Attendees presented work utilizing agent-based models to questions pertaining to financial stability. The aim of the workshop was to bring together academics and policymakers from a range of institutions who share a common interest in developing new techniques and tools to better understand and manage financial stability.
Allan Davids who is a member of the project team "Quantitative Easing and Financial (In)Stability" funded by Volkswagen Foundation, extended his stay at the Oxford University for a research visit of six weeks to benefit from the Oxford Group’s extensive knowledge of agent-based models. During his stay, Davids was working on his development of an agent-based housing model of the UK (with a future extension to South Africa) to better understand the effects of macroprudential policy on housing market outcomes. Moreover, his research is focusing on fire sale externalities in the South African banking sector.