New Approaches to Economic Challenges

The New Approaches to Economic Challenges (NAEC) initiative develops a systemic perspective on interconnected challenges with strategic partners, identifies the analytical and policy tools needed to understand them, and crafts the narratives best able to convey them to policymakers.

About NAEC

NAEC work plan

The OECD’s New Approaches to Economic Challenges (NAEC) initiative was established in 2012 with a view to “analysing the root causes of the global financial crisis and drawing lessons from it” and “updating the OECD’s economic analysis and policy recommendations where needed” [2012 OECD Ministerial Council Meeting Statement].

The initiative encourages an interdisciplinary approach to OECD economic and policy analysis, draws on new thinking from a range of disciplines, and supports the analytical work and policy advice that the Organisation provides to its Member and Partner countries.

> NAEC Primer - objectives, outputs and influence

The agenda for 2023-24 is centered around Policy Responses to the challenges of:

1) Economic Security

2) Climate Change

3) Social Dimension of Economic Crises

> 2023-24 NAEC work plan

Seminars and engagement will be carried out in support of NAEC analytical work and provide the opportunity to explore other connected issues.

NAEC events

Forthcoming:

20 June 2024

NAEC seminar on climate change, the green transition and economic resilience. It will focus on the priorities for a coherent and integrated systemic approach for rapid action on the risks, impacts and global implications of climate change.

> More details to come

Recent:

21 March 2024 – Workshop on Industrial Policies

The OECD held a workshop on industrial policies, gathering more than 300 delegates from three relevant Committees: the Committee on Industry, Innovation and Entrepreneurship, the Trade Committee and the Working Party Number 1 of the Economic Policy Committee. Discussions revolved around challenges with evaluation of industrial policies and motivations for recent industrial policy measures.

9 February 2024 – Workshop on Economic Aspects of National Security

The workshop discussed various economic, national, and cyber security risks and their potential impact on global prosperity. It explored responses countries can take and pondered future OECD work on economic aspects of national security, aiming to create a report with policy recommendations for OECD Members.

> Background note / Agenda

Friends of NAEC seminars

> Recent and forthcoming events:

Innovation LAB

The Innovation Lab develops new tools to address analytical challenges, including the Weekly Tracker of Economic Activity to analyse pandemic impacts on economies with high-frequency economic data. It explores nowcasting, monitors international maritime trade, and produces indicators of consumer preferences. Additionally, it offers seminars and training to integrate these methods and tools across the Organisation.

Recent and forthcoming events:

12 March 2024 - Innovation LAB discussion

Sebastien Daniel, Vincent Haller, Benoit Bellone (all QuantCube) presented their latest paper on: Seasonal Trend and Holiday Decomposition with Loess (STAHL): A Real-Time Approach to Analyzing High-Frequency Alternative Data.

18 January 2024 - Innovation LAB discussion

Graham Pilgrim, “The new Multinational Enterprise Information Platform (MEIP)”: The OECD and UNSD introduced the MEIP to track the global activities of the top 500 MNEs using open-source data and digital metrics. This platform enables detailed analysis of MNEs' global presence, provides a benchmark for comparisons, and features a user-friendly dashboard for visualising MNE data.

23 November 2023 - Innovation LAB discussion

Yann Yves Dorville's presentation discussed using machine learning to improve macroeconomic forecasting. It covered how these models managed complex data and uncertainties in economies, focusing on clarity for economic analysis and policy.