Public policy is ubiquitous in life and affects almost every aspect of society. Policy makers and government officials play an essential role in passing legislation that alters the economy, education, and aid to foreign countries. Our team has created an app that will assist in the development and implementation of such policy and allow any person interested in international policy, whether that be a lobbyist, research student, or member of government to experiment with various policies. Features of our app include allowing users to draft their own policies regarding foreign aid and education investments and predicting how such actions will affect stock market indexes and values of currencies. Additionally, a data collection feature will allow the user to take notes from a speaker and input ideas. These ideas can be further refined and inputted into the app to determine the best course of action to get the policy proposed. Our app will include 3 machine learning models trained on historical legislative data to make predictions about the outcomes of these policies and draw valuable insights in their effects.
Andrew Thornton
Age: 28
Location: Boston, United States
Occupation: Economist at Harvard University
Bio: Andrew is an Economist at Harvard University, who would like to figure out the best ways to elevate his tried & tested ideas, so that they can be implemented
As an economists, I want to retrieve historical data on policies passed in the EU.
As an economists, I want to draft my own policy and determine the best course of action for making it implementable in society.
As an economists, I want to compare this policy to historical data and find more information on similar policies.
As an economists, I want to observe what the best practice would be to spread this policy quickly.
Sun Yue
Age: 46
Location: Washington D.C, United States
Occupation: Member of US Congress
Bio: Sun is a Spanish policy maker who is looking to pass legislation that will benefit the European Union as a whole.
As a member of Congress, I want to view historical economic data of the Euro and compare how its value has changed over time.
As a member of Congress, I want to test potential legislative policies regarding different economic policies to see how it will affect the economic health of my country
As a member of Congress, I want to be able to view all the lobbyists in my interest area before they confront me.
As a member of Congress, I want to be able to interact with experienced economists with good avice on economic policy
Eleanore Goossens
Age: 45
Occupation: Lobbyist
Location: Indianapolis, Indiana
Bio: Eleanore is a lobbyist interested in keeping track of conversations and key policy ideas that have come up in recent years, and seeing their implications over time.
As a lobbyist, I want to keep track of previous conversations I had with key politicians regarding policy.
As a lobbyist, I want to be able to compare different politician policies
As a lobbyist, I want to be able to find politicians in my interest Area
As a lobbyist, I want to be able to mobilize experienced economists with a similar interest as myself
So far, we have been able to retreive API data regarding the following statistics about Monetary Policy from FRED across a large span of time:
Exports Import Data
Average Treasury Securities Data
Average Discount Rate Data
Federal Reserve Balance Data Additionally, we have utilized the yfinance Python Library to access the historical closing price of the SP500 market index marked under [‘close’] in the below picture.
Conversion Rates Between Currencies (numerical)
These sources will essentially give us the labels for the AI data so that we can actually train the model
USD to Chinese Yuan
USD to Euro
USD to British Pound
Many other currenciesFor training a model which predicts policy’s based off previous foreign policies
The main source of money for Foreign Aid (categorical)
Money spent on education
Money spent on Millitary
money spent on Health Care spending
All as a percentage of the GDP the year before.
