This project studies the interactions between financial shocks and macroeconomic fluctuations. It consists of two subprojects:
(i)) financial shocks and unemployment
(ii) noise and information in stock prices and macroeconomic dynamics.
An ERC Advanced grant aimed at developing a general framework to analyze the dynamics of social and economic interaction between intelligent agents, who may nonetheless be affected by their emotions and exhibit time inconsistent preferences.
This ERC Starting grant seeks to study the important and unexplored territory concerning the analysis of how national institutions interact in the international arena.
The goal of this ERC Starting grant is to better understand causes and consequences of the 2007-2009 crisis.
The aim of this ERC Advanced grant is to develop a general theoretical framework to investigate the design of institutions and mechanisms for evaluating new ideas and innovations.
An ERC Advanced grant that. by acknowledging that power is multidimensional and endogenous, and thereby studying the endogenous interactions between the different types of power, can further significantly the frontier of political economy.
This ERC Starting Grant has investigated four main general topics:The link between financial fragility, uncertainty and macroeconomic fluctuations; The desirability of fiscal policy during liquidity traps; Openness, exchange rate regimes, and credibility of monetary policy; Labor markets, financial stress, and the role of hiring credits.
Many recent contributions by economists have stressed the importance of culture in explaining economic and institutional outcomes. Taking this literature as a point of departure, this ERC Advanced grant studies the functioning of government institutions.
This ERC Starting Grant has three main goals. First, to improve the theoretical understanding of the design of optimal social insurance and Welfare-to-Work (WTW) programs. Second, to provide a new structural framework for the evaluation of existing policies. Third, to apply the methodology to specific situations.
This ERC Advanced grant linked the different models together to understand the choices of a decision-maker. It outlined a viable theory that successfully describes the decision-maker's uncertainty attitudes based on recently developed models.