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Business Cycle Causes and Consequences

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.

Host institution

UNIVERSITY COLLEGE LONDON
Net EU contribution
€ 1 729 806,00
Address
Gower Street
WC1E 6BT London
United Kingdom

See on map

Region
London Inner London — West Camden and City of London
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,25

Beneficiaries (1)

UNIVERSITY COLLEGE LONDON
United Kingdom
Net EU contribution
€ 1 729 806,00
Address
Gower Street
WC1E 6BT London

See on map

Region
London Inner London — West Camden and City of London
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,25