Objectif "The research under this proposal aims at a better understanding of monetary policy in light of the recent events following the financial crisis. There are three main objectives. The first is to study monetary policy in models where financial securities have different liquidity properties which could vary over time and be subject to sudden changes. The new framework will address the mechanisms at the root of the financial crisis and its propagation to real economic activity and at the same time study the appropriate policy responses and the forthcoming exit strategies. The second objective aims at extending the analyses of optimal monetary policy to abnormal times where deleveraging or liquidity shocks bring the nominal interest rate to the zero lower bound and more unconventional policies are needed. The third objective is directed to study open-economy models where the liquidity properties of financial securities affect the conduct of monetary policy, as in a currency area in which sovereign debt of some countries loses its safe-asset status or in small open economies challenged by imperfect credibility in the domestic fiat-money system." Champ scientifique social scienceseconomics and businesseconomicsmonetary and finances Programme(s) FP7-IDEAS-ERC - Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Thème(s) ERC-CG-2013-SH1 - ERC Consolidator Grant - Individuals, Institutions and Markets Appel à propositions ERC-2013-CoG Voir d’autres projets de cet appel Régime de financement ERC-CG - ERC Consolidator Grants Institution d’accueil LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI Contribution de l’UE € 837 680,00 Adresse VIALE POLA 12 00198 Roma Italie Voir sur la carte Région Centro (IT) Lazio Roma Type d’activité Higher or Secondary Education Establishments Chercheur principal Pierpaolo Benigno (Prof.) Contact administratif Simona Marrone (Mrs.) Liens Contacter l’organisation Opens in new window Site web Opens in new window Coût total Aucune donnée Bénéficiaires (1) Trier par ordre alphabétique Trier par contribution de l’UE Tout développer Tout réduire LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI Italie Contribution de l’UE € 837 680,00 Adresse VIALE POLA 12 00198 Roma Voir sur la carte Région Centro (IT) Lazio Roma Type d’activité Higher or Secondary Education Establishments Chercheur principal Pierpaolo Benigno (Prof.) Contact administratif Simona Marrone (Mrs.) Liens Contacter l’organisation Opens in new window Site web Opens in new window Coût total Aucune donnée
