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UnStruct

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Structural Models for Text and other Unstructured Data

Most usable data is unstructured. Examples include text, transaction data, images, and web browsing histories. Although rich and plentiful, most economists do not use unstructured data. The few that do generally quantify it with o... ver más

31/08/2026

UNIVERSITY COLLEGE...

2M€

Presupuesto del proyecto: 2M€

Líder del proyecto

UNIVERSITY COLLEGE LONDON No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Fecha límite participación Sin fecha límite de participación.

Ver 4 Participantes

Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2020-05-14

ERC-2019-COG: ERC Consolidator Grant

I+D

Cerrada hace 6 años

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Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

4 Participantes

UNIVERSITY COLLEGE LONDON

889.09K€ | Lider

HORMILASER SA EN LIQUIDACION

BARCELONA GRADUATE SCHOOL OF...

406.25K€ | Participante

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Duración del proyecto: 75 meses Fecha Inicio: 2020-05-14
Fecha Fin: 2026-08-31

Líder del proyecto

UNIVERSITY COLLEGE LONDON No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 2M€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto Most usable data is unstructured. Examples include text, transaction data, images, and web browsing histories. Although rich and plentiful, most economists do not use unstructured data. The few that do generally quantify it with off-the-shelf algorithms that are unrelated to the economic environment in which it is generated, which makes connecting it to economic models difficult. I instead propose to build novel probabilistic models of unstructured data that link it directly to relevant economic parameters. This powerful approach will use the information in unstructured data to test and estimate economic models in a way that is not currently possible with existing methods. I will focus on three distinct themes. The first studies how information about economic conditions is dispersed among agents, and how they aggregate it through interactions. This process it at the heart of the policymaking process, and the use of text data provides a unique opportunity to structurally model this information in innovative ways. The second theme jointly models unstructured data and the evolution of an economy hit by multiple, unobserved shocks. This will provide a novel forecasting tool, which is of key interest to policymakers. But it will also use unstructured data to estimate equilibrium models of the macroeconomy, and hence recover economic fundamentals. The final theme will use transaction payments between firms, and extend probabilistic models of network formation to create new definitions of markets that go well beyond anything in the current literature. This will contribute to measuring market power and the transmission of economic shocks, both questions of fundamental importance. Beyond these specific themes, my research will also pave the way for the use of probabilistic machine learning that combines novel data with clear economic models. The frameworks I introduce will provide a template for others to follow in the future.

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