Objective RASTANEWS intends to enhance knowledge base, at both theoretical and an applied level, on many aspects of the future of macro-economic and monetary integration in Europe thus paving the way to a revised governance of the EMU, and the EU as a whole, in the wake of the debt crisis. We see three key issues about the working of the EU macro-economy that deserve deeper investigation. The first is the issue of incomplete and informationally inefficient financial markets, the Achille’s heel of the consensus DSGE models. The second, related issue, is the heterogeneity in expectations, which should play a fundamental role in explaining the behaviour of asset prices. The third issue is the need to overcome the traditional dichotomy between Keynesian (short run) and neoclassical (long run) policy prescriptions. Taking these issues seriously has important implications for the conduct of EU monetary and fiscal policies and for EU governance system. In addition, to facilitate the timely identification of macro risks, we propose a new system of early warning indicators, to be implemented within the EMU surveillance mechanism. This proposal is consistent with our theoretical framework and is based on an empirical macro-finance approach. Fields of science social sciencessociologygovernancesocial scienceseconomics and businesseconomicsmonetary and finances Programme(s) FP7-SSH - Specific Programme "Cooperation": Socio-economic Sciences and Humanities Topic(s) SSH.2012.1.3-1 - The future of macro-economic and monetary integration in Europe Call for proposal FP7-SSH-2012-2 See other projects for this call Funding Scheme CP-FP - Small or medium-scale focused research project Coordinator UNIVERSITA' DEGLI STUDI DI MILANO-BICOCCA Address Piazza dell'ateneo nuovo 1 20126 Milano Italy See on map Region Nord-Ovest Lombardia Milano Activity type Higher or Secondary Education Establishments Administrative Contact Silvia Pesenti (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window EU contribution € 522 537,25 Participants (11) Sort alphabetically Sort by EU Contribution Expand all Collapse all FONDATION NATIONALE DES SCIENCES POLITIQUES France EU contribution € 292 920,00 Address Rue saint guillaume 27 75341 Paris See on map Region Ile-de-France Ile-de-France Paris Activity type Higher or Secondary Education Establishments Administrative Contact Estelle Frisquet (Ms.) Links Contact the organisation Opens in new window Website Opens in new window ISTITUTO PER GLI STUDI DI POLITICA INTERNAZIONALE Italy EU contribution € 513 136,00 Address Via clerici 5 20121 Milano See on map Region Nord-Ovest Lombardia Milano Activity type Research Organisations Administrative Contact Antonino Villafranca (Prof.) Links Contact the organisation Opens in new window Website Opens in new window RUPRECHT-KARLS-UNIVERSITAET HEIDELBERG Germany EU contribution € 86 149,82 Address Seminarstrasse 2 69117 Heidelberg See on map Region Baden-Württemberg Karlsruhe Heidelberg, Stadtkreis Activity type Higher or Secondary Education Establishments Administrative Contact Verena Schultz-Coulon (Dr.) Links Contact the organisation Opens in new window Website Opens in new window KATHOLIEKE UNIVERSITEIT LEUVEN Belgium EU contribution € 117 000,00 Address Oude markt 13 3000 Leuven See on map Region Vlaams Gewest Prov. Vlaams-Brabant Arr. Leuven Activity type Higher or Secondary Education Establishments Administrative Contact Sarah Malevé (Ms.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITA CATTOLICA DEL SACRO CUORE Italy EU contribution € 175 710,00 Address Largo gemelli 1 20123 Milano See on map Region Nord-Ovest Lombardia Milano Activity type Higher or Secondary Education Establishments Administrative Contact Guido Castelli (Dr.) Links Contact the organisation Opens in new window Website Opens in new window POLSKI INSTYTUT SPRAW MIEDZYNARODOWYCH Poland EU contribution € 96 596,00 Address Warecka 1a 00 950 Warszawa See on map Region Makroregion województwo mazowieckie Warszawski stołeczny Miasto Warszawa Activity type Research Organisations Administrative Contact Aleksander Szałański (Mr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITA POLITECNICA DELLE MARCHE Italy EU contribution € 184 212,00 Address Piazza roma 22 60121 Ancona See on map Region Centro (IT) Marche Ancona Activity type Higher or Secondary Education Establishments Administrative Contact Francesco Maria Chelli (Prof.) Links Contact the organisation Opens in new window Website Opens in new window BRUNEL UNIVERSITY LONDON United Kingdom EU contribution € 87 380,00 Address Kingston lane UB8 3PH Uxbridge See on map Region London Outer London — West and North West Harrow and Hillingdon Activity type Higher or Secondary Education Establishments Administrative Contact Teresa Waller (Ms.) Links Contact the organisation Opens in new window Website Opens in new window QUEEN MARY UNIVERSITY OF LONDON United Kingdom EU contribution € 81 000,00 Address 327 mile end road E1 4NS London See on map Region London Inner London — East Tower Hamlets Activity type Higher or Secondary Education Establishments Administrative Contact Reuben Almeida (Mr.) Links Contact the organisation Opens in new window Website Opens in new window PECSI TUDOMANYEGYETEM - UNIVERSITY OF PECS Hungary EU contribution € 89 196,00 Address Vasvari pal utca 4 7622 Pecs See on map Region Dunántúl Dél-Dunántúl Baranya Activity type Higher or Secondary Education Establishments Administrative Contact Gábor Rácz (Mr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITEIT VAN AMSTERDAM Netherlands EU contribution € 193 937,93 Address Spui 21 1012WX Amsterdam See on map Region West-Nederland Noord-Holland Groot-Amsterdam Activity type Higher or Secondary Education Establishments Administrative Contact T.M.M. Klerkx (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window
