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Content archived on 2024-06-18

Design of Fiscal and Monetary Policies: Central Bank Objectives and Public Debt Management

Objective

The goal of the project is to develop economic models for the design of fiscal and monetary policies to tackle the current economic crisis – the primary objective of the European Commission Work programme for 2013. The first part of the project will develop a framework to determine what should be the primary objectives of central banks. The main goal is to understand if central banks should only focus on maintaining price stability – the conventional wisdom in among academics and practitioners– or should instead devote more and more attention to other objectives, like reducing unemployment and stabilizing the financial markets. The results will be particularly relevant for current debates at the European Level about the goals of the European Central Bank. The second part of the project develops a framework for the management of the debt maturity structure to explain the existing relationship between debt holdings and interest rates paid by governments. The successful completion of the project will contribute to the current debate about the potential benefits from the adequate management of public debt, in terms of reduction of the costs of financing, that will ultimately translate into higher social welfare.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

FP7-PEOPLE-2013-IIF
See other projects for this call

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MC-IIF - International Incoming Fellowships (IIF)

Coordinator

UNIVERSIDAD POMPEU FABRA
EU contribution
€ 230 036,60
Address
PLACA DE LA MERCE, 10-12
08002 Barcelona
Spain

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Region
Este Cataluña Barcelona
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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