Project description
A closer look at an economic path from boom to bust
From boom to bust, the business cycle moves upward and downward – from expansion and peak to contraction and trough. Focussing on the business cycles – the rise and fall in production – the EU-funded BUCCAC project will study the output of goods and services. Each phase has a different level of GDP, unemployment and inflation, giving rise to questions regarding the dynamic macroeconomic effects on market power and the macroeconomic impact of expectational shocks. Specifically, the project will develop methods for dynamic causal analysis in the face of permanent and transitory shocks using external instruments. It will also produce a new narrative of regulatory changes. What is more, by constructing a quantitative theory, it will further our understanding of the impact of market power, focussing on intangible customer market effects.
Fields of science
Programme(s)
Topic(s)
Funding Scheme
ERC-ADG - Advanced GrantHost institution
WC1E 6BT London
United Kingdom
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Beneficiaries (1)
WC1E 6BT London
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