Objective
The proposed Euro Conference consists of two meetings intended to bring together researchers developing macroeconomic models of the euro area for a set of simulation and policy evaluation exercises designed to facilitate the comparison between the models. Macroeconomic models are important and established tools for informed decision-making in public policy and the private sector. The start of EMU has created a new economic and financial environment in Europe. As a result, existing models of the member economies have become inappropriate to guide decisions, as some key variables such as inflation and interest rates no longer have a national content in the EMU, while the behaviour and interrelations of others such as employment and output will change due to the vanishing of currency borders in Europe. There is, therefore, an urgent need for developing new tools for policy evaluation, for simulating alternative policy scenarios, and for forecasting.
The purpose of the first conference is to promote research efforts aiming at the development of macroeconomic models of the euro area. This will be achieved by bringing together researchers involved in such efforts for a comparison of their models based on a unified framework. Similar comparison exercises have been conducted successfully in the US and in the UK, but never in the EU. The first meeting in the proposed series will compare and evaluate models of the euro area focusing on the aggregate performance of the economy. Researchers will be asked to perform simulations based on a common set of assumptions concerning monetary and fiscal policy in the euro area and external shocks. The results will be used to compare what the models say about the reaction of the euro economy to monetary and fiscal policies and external shocks in the short and the long run, and to evaluate potential differences in the performance of the national economies in the simulations.
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.
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.
- social sciences political sciences political policies public policies
- social sciences economics and business business and management employment
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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.
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.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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.
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.
Coordinator
United Kingdom
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.