Objective
I plan to use the standard "new-open-economy" framework, characterized by optimizing agents, nominal rigidities and monopolistic competition, to develop a two-country model capable of replicating the main stylized facts for the euro-area and the us economies. The analysis will incorporate the main differences between the two economies with respect to the degree of openness, the rigidity of labor markets and the integration of capital markets, and will investigate how these differences affect the international transmission of shocks. The model will be calibrated using aggregate euro-area and US data and dynamic simulations will be carried out to examine a number of relevant issues. The first aim of the project is to understand the transmission of external shocks across the two economies. Secondly, it will provide a framework that will enable me to conduct policy experiments such as (i) what is the appropriate policy response of the ECB to these shocks; (ii) can such a model explain persistent exchange rate fluctuations or misalingments (e.g. the euro's weakness); (iii) what is the appropriate framework for monetary policy in a world with important interdependencies. This research contribute to both the literature on monetary policy interactions and on European monetary integration.
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.
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.
Data not available
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
Belgium
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.