The ERC (European Research Council), set up by the European Union in 2007, is the premier European funding organisation for excellent frontier research. It funds creative researchers of any nationality and age, to run projects based across Europe.

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.

Using an economic approach, this ERC Starting Grant investigated conflicts in poor countries by examining the interaction of cultural, political and economic determinants.