Objectif The current financial crisis raises fundamental questions concerning macroeconomics, banking stability, and economic policy. As standard macroeconomic models provide insufficient guidance on how to respond to the crisis, policy makers in Europe and elsewhere have repeatedly intervened with a combination of largely untested monetary and fiscal policy measures that comprise liquidity provision, quantitative easing, nationalisation, as well as other subsidies.While the microeconomics of banking is well understood, standard macroeconomics has failed toallow adequately for a financial sector. Systemic risks in the banking sector cannot be analysed in a dynamic framework.MACROBANK closes this gap by developing a novel dynamic macroeconomic modelwith a micro-founded banking sector. It aims at developing a theoretical foundation and a tool box for policy makers to analyse and assess the effectiveness of possible crisis intervention strategies to improve the overall understanding of crisis intervention and their effects on the economy. Extending Gersbach and Wenzelburger (2011), MACROBANK’s novel model allows to investigate the effectiveness of new crises intervention measures dynamically and to simulate policy strategies. It focuses on debt reduction, inflation control, and on how central bank activities can be restored to pre-crisis levels. Welfare distributional aspects of interventions are also considered.The novelty and expected impact of the proposed research will increase the EU’s excellence, and the applicants teaching activities will train young researchers exposing them to cutting-edge research in economics. Thus, the proposed project leads to knowledge transfer within and into the ERA, integration of a researcher, and introduction of a promising new research approach in Europe, Champ scientifique social scienceseconomics and businesseconomicsmacroeconomicssocial scienceseconomics and businesseconomicsmicroeconomics Programme(s) FP7-PEOPLE - Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Thème(s) FP7-PEOPLE-2012-CIG - Marie-Curie Action: "Career Integration Grants" Appel à propositions FP7-PEOPLE-2012-CIG Voir d’autres projets de cet appel Régime de financement MC-CIG - Support for training and career development of researcher (CIG) Coordinateur RHEINLAND-PFALZISCHE TECHNISCHE UNIVERSITAT Contribution de l’UE € 100 000,00 Adresse GOTTLIEB DAIMLER STRASSE 67663 Kaiserslautern Allemagne Voir sur la carte Région Rheinland-Pfalz Rheinhessen-Pfalz Kaiserslautern, Kreisfreie Stadt Type d’activité Higher or Secondary Education Establishments Contact administratif Jörg Hansen (Dr.) Liens Contacter l’organisation Opens in new window Site web Opens in new window Coût total Aucune donnée
