Objective
The characteristics of cyclical co-ordination among national economies is a crucial issue in the context of the EMU, and this project will contribute to understanding of the European business cycle. More specifically, the project will empirically examine the nature of the European business cycle and its evolution over time. The objectives are to:
1) Examine the changing business cycle relationships between member countries of the EMU;
2) Consider whether relationships between EMU countries and those outside the EMU, particularly the UK and US, have changed over time;
3) Examine the transmission of business cycle fluctuations between countries of the EMU to determine whether Germany is (as often presumed) the economic leader;
4) Develop econometric models that capture the Changing relationships over time. To carry out the project I will use cross-correlation analysis over moving spans of data, linear and nonlinear vector autoregressive (VAR) models. The smooth transition models to be applied here do not appear to have been used previously in the analysis of the European business cycle. They are attractive in this context because they can allow coefficients to change over time and hence may be able to capture the changing relationships among EMU countries.
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
M13 9PL MANCHESTER
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.