André is currently pursuing a PhD in economics at the Sorbonne in Paris. His research centres around the development of econophysics for economic analysis, and applied use in financial markets. He completed Masters of Philosophy and Science, both in economics, also from the Sorbonne. He has previously worked, amongst others, at the United Nations and Deutsche Bank, and holds an undergraduate degree in law from the University of Pretoria in South Africa.
2016 gave us an American president-elect despite never having served in elected office. It also marked an historic turning point in the European project when a key member voted to leave. These events, in the minds of many, cemented the phenomenon of the ‘post-truth’ paradigm where slapdash opinions have garnered widespread favour atop ‘facts’. The architects of previous sacrosanct-held facts, the sciences, and especially the economics profession, require a makeover.
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The financial crisis ushered in an era where monetary policy has been disproportionately tasked with mending a sluggish economy. Central banks have taken, far from their original remit, extraordinary, and historically unprecedented steps in an attempt to boost economic activity, stabilise financial markets and spur inflation. With central banks wielding ever-greater influence on economic policy, the continued use of questionable policy-setting models, such as the Dynamic Stochastic General Equilibrium or DSGE model, should be reviewed.
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