Economics Professor Scott Farrow has been named part-time economics coordinator for the Department of Homeland Security’s National Center on the Risk and Economic Analysis of Terrorism Events (CREATE). The center was established in 2004 and is an interdisciplinary national research center based at the University of Southern California. The center is comprised of a team of experts from around the country who work to identify where terrorist attacks may occur and what the economic consequences of those attacks may be.
On the website announcement that states Farrow will lead CREATE’s economic efforts, it reads: “CREATE researchers are making conceptual and empirical advances in developing a comprehensive consequence analysis framework. CREATE embeds this cost analysis in the broader risk-based framework, including the impact of behavioral economics, and further integrates these efforts by providing the estimates of benefits and costs related to risk management applications.”