 Initially, the center existed within the Catholic University of Leuven.Following its split in 1968 to form the Dutch-speaking Katholieke Universiteit Leuven and the French-speaking Université catholique de Louvain, CORE moved to Louvain-la-Neuve in 1977 to join the latter.CORE, the creation of which was inspired by the Cowles Foundation as well as the other institutions that Jacques Drèze had visited during his research work in the United States, brought economic modelling to Europe.