Extending the high level architecture paradigm to economic simulation

This paper describes the potential application of a US Department of Defense-developed simulation architecture to the domain of economic and financial simulation. This approach, known as the High Level Architecture (HLA)1 for Simulation Interoperability, provides the ability to link disparate simulations. This approach supports simulation interoperability and re-use, allowing for the development of composable sets of interacting simulations. The HLA approach has proven to be extremely successful in the military simulation arena, a domain that has a number of strong analogies to the economic and financial simulation domain. This paper provides an overview of the tenets of the HLA approach and proposes an extension of the tools and capabilities to the economic simulation domain.