The University of Technology of Vienna is the largest TU in Austria (about 24000 students) and in particular includes a large group of scientists working on mathematical methods in economics and computer simulation modelling for economics. In both areas students are educated in bachelor and master programs up to PhD level. Post-docs and faculty members typically work together in several research projects funded by public and external institutions and firms, special emphasis is put on consulting tasks at a macroeconomic level, including Europe-wide and global issues. The economics unit (Institute 105-3) of the university has been specializing in dynamic modelling of monetary open economies with heterogeneous agent-based modelling techniques.
The role of this unit in the project would be exactly in this domain of simulation modelling of the European systemic crisis. In particulalr the endogenous dynamics of monetary flows in major central European and Eastern European countries as well as the links between them will be simulated.
