Objective
"The project deals with methods that are applicable across different scientific disciplines and is therefore inherently multidisciplinary. Our focus, however, will be on economic applications, as this is our field of expertise. Economic time series are sampled at different frequencies. For example, financial markets data are available on a (intra-)daily basis, while many macroeconomic series are observed monthly or quarterly. The typical approach adopted in empirical research is to align the data at the lowest sampling frequency and run regressions with same-frequency data. This leads to loss of information. In addition, the availability of high frequency financial data represents an opportunity to update expectations about low frequency macroeconomic time series – something that is of key importance to policy decision makers. Our research pertains to methods that allow us to handle mixed frequency data in empirical research as well as provide tools for policy makers to use the steady flow of high frequency data to help guide their decision making process. The research is based on a framework, using so called MIDAS, meaning Mi(xed) Da(ta) S(ampling) regressions that involve data sampled at different frequencies. This research opens up many new areas, some of which have already been studied, while many others remain unexplored. The purpose of this research project is to study the many unexplored areas ranging from systemic risk monitoring to macroeconomic forecasting for the Euro area for the purpose of policy decision."
Fields of science (EuroSciVoc)
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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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2010-IIF
See other projects for this call
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
1678 Nicosia
Cyprus
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.