PRIN grants
The project investigates four different types of risk and their impact on the economic behavior of individuals and households, including the implications for the design of welfare systems in aging societies.
This research proposal revolves around three main themes in the area of labor and finance.
The project proposes a contractual approach to financial markets in order to analyze the allocative inefficiencies of the equilibrium outcomes in environments with limited information and propose rigorously (micro)-founded policy measures.
It has become the conventional wisdom for academic policy-makers and even for the public at large that the current demographic dynamics require fundamental economic and social adjustments.
Starting with the seminal paper of Gilboa and Schmeidler (1989) an analogy between the maxmin approach of decision theory under Ambiguity and the minimax approach of Robust Statistics ( e.g., Blum and Rosenblatt 1967) has been hinted at.
We investigate the interactions between capital markets and the protection provided to its stakeholders. In particular, we will address two main questions.
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.
The MUR (Italian Ministry for University, and Research) awards PRIN grants to fund research projects that normally require the collaboration of several scholars and research organizations, either national or international. The purpose of these grants is to enhance the participation of faculty in Italian universities to European initiatives related to the EU Framework Programs. These are the PRIN units currently active at IGIER:
PRIN 2017
Project duration: from 2020 to 2023
| Coordinator | Project |
|---|---|
| Francesco Decarolis | The impact of the diffusion of algorithms on prices in online marketplaces: Efficiency or Collusion? |
| Nicola Gennaioli | |
| Fabio Maccheroni |
Multiple Criteria Decision Analysis and Multiple Criteria Decision Theory |
| Salvatore Nunnari | Experimenting with climate change: a behavioral approach to foster cooperation |
| Luca Sala | |
| Julien Sauvagnat | |
| Mara Squicciarini |
Religious and Racial Discrimination Attitudes: Evidence from a Contemporary and a Historical context |
PRIN 2015
Project duration: from 2017 to 2020
| Coordinator | Project |
|---|---|
| Chiara Fumagalli | Labor and Finance |
| Francesco Giavazzi | The Economics of Old Age Risks |
| Nicola Pavoni | The Architecture of Markets and Institutions after the Crisis: Theoretical Foundations and Policy Implications |
| Guido Tabellini | Partial Norms |
| Fernando Vega-Redondo | The Dark Side of Networks |
PRIN 2010-2011
Project duration: from 2013 to 2016
| Coordinator | Project |
|---|---|
| Francesco Giavazzi | Family, Culture, Demographic Trends, and Economic Decisions |
| Fabio Maccheroni | Ambiguity and Robust Statistics in Economic Modelling |
| Fausto Panunzi | Finance and Work |
| Nicola Pavoni | Imperfect Information, Adjustment Costs, and Allocative Efficiency in Real and Financial Markets |
PRIN 2009
Project duration: from 2010 to 2013
| Coordinator | Project |
|---|---|
| Carlo Favero | Financial Fluctuations, Business Cycle, and Inflation |