Venice centre in Economic and Risk Analytics for public policies
The Venice centre in Economic and Risk Analytics for Public Policies (VERA) is the new Centre of the Department of Economics focusing on big data applied to social welfare and wellbeing, risk analytics and evaluation of public policies. A primary aim of the Centre is to inform policy makers and to provide scientific support for decisions concerning several policy challenges such as the sustainability of welfare systems, the phenomenon of migration, the effects of climate change, the mitigation strategies of environmental impacts, the emergence of policy and financial instability.
The research activities of the Centre will address two of the Ca’ Foscari Global Challenges (Science of complexity and Public governance, welfare and social innovation) through methodologies and advanced systems based on the use of big data, social networks, georeferencing, experimental data (lab and field experiments).
One of the most important goals is to enhance production and use of big data and to develop economic, mathematical and statistical models applicable to different economic sectors such as agriculture and environment, health, finance and sustainability. These models will be in line with the objectives of industry 4.0 and the digital transformation.
The VERA Centre is funded by the Italian Ministry of Education, Universities and Research through the Department of Excellence Project.
Innovate research methods, adapting them to calculation models that can exploit the great potential of microdata and big data from different sources.
Strengthen experimental research conducted in lab and field (lab and field experiments).
Improving public policies
Widen the fields of application of the analysis and methodologies for the evaluation of public policies in order to improve their quality and effectiveness.
Training future decision makers
Train future economists and analysts able to provide scientific support for analysis and to identify potential public policy actions.
Attracting international talents
Enhance international talent selection and recruitment in order to set up an international multidisciplinary and multicultural research team with the best talents on board.
VERA Centre is involved in a collaboration with the 13 association of Certified Public Accountants, Auditors and Advisors of Veneto, Trentino Alto Adige and Friuli Venezia Giulia, in order to analyze the performance of corporations in the Triveneto area. The report has been presented in 13 events throughout the three regions.
A new study, led by Ca' Foscari professor Enrica De Cian, has analyzed the dynamics that lead families to resort to air conditioning systems and thermal insulation for their houses.
Over 1 billion euros in expenses and investments and and about 14.000 new jobs - these are the estimated numbers for the Milan-Cortina 2026 Winter Olympics, according to a Ca' Foscari study.
Thanks to the Bloomberg multimedia platform, Ca’ Foscari students will be able to access data, analytics and market moving news. The lab will also be used to organize certified training sessions for students, with Bloomberg’s remote support.
The VERA Centre has its own governance, complementary to the governance of the Department. The Director, supported by the Management Group members, presents an annual report on the activities of the Centre, the budget and the results achieved, compared to performance indicators, and the future planned actions. The Director is also supported by the responsible of each research areas of the project.
In addition, the governance includes an International Review Board, which has the task to evaluate and verify that research activity is carried out in accordance with ethical principles defined in the international and national legislation, and an Advisory Board, which is made up of members that, individually or collectively, will provide independent advice on scientific research lines as well as views and suggestions on the identified actions and new development plans.