3 projets européens trouvés
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TERMINÉ
Asset Bubbles and Economic Policy (ABEP)
Date du début: 1 avr. 2010, Date de fin: 31 mars 2015,
Advanced capitalist economies experience large and persistent movements in asset prices that are difficult to justify with economic fundamentals. The internet bubble of the 1990s and the real state market bubble of the 2000s are two recent examples. The predominant view is that these bubbles are a market failure, and are caused by some form of individual irrationality on the part of market partici ...
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TERMINÉ
Globalization, Optimal Policies and Growth (GOPG)
Date du début: 1 sept. 2009, Date de fin: 31 août 2014,
This project studies the challenges that policy makers face in a world where globalization is proceeding at high speed and knowledge creation is the key to prosperity. It consists of two main parts: one focuses on optimal growth policies, the other on policy externalities induced by market integration. The first part builds on the premise that fostering innovation requires appropriate regulations ...
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TERMINÉ
Labor Markets, Economic Fluctuations, and Monetary Policy (LABPOL)
Date du début: 1 janv. 2009, Date de fin: 31 déc. 2011,
The New Keynesian (NK) model has emerged in recent years as the workhorse for monetary policy analysis. The first part of the proposed project is motivated by two shortcomings of that framework: (i) the lack of an explicit analysis of unemployment and its potential role in the design of policy, (ii) the limited empirical support for the model s wage-setting block. One of the objectives of the pro ...
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