FINMAP

"Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents"

Coordinatore	CHRISTIAN-ALBRECHTS-UNIVERSITAET ZU KIEL    more  Organization address address: OLSHAUSENSTRASSE 40 city: KIEL postcode: 24118 contact info Titolo: Ms. Nome: Linda Cognome: Piálek Email: send email Telefono: +49 431 880 4811 Fax: +49 431 880 1560
Nazionalità Coordinatore	Germany [DE]
Totale costo	2˙780˙947 €
EC contributo	2˙151˙960 €
Programma	FP7-SSH Specific Programme "Cooperation": Socio-economic Sciences and Humanities
Code Call	FP7-SSH-2013-2
Funding Scheme	CP-FP
Anno di inizio	2014
Periodo (anno-mese-giorno)	2014-01-01   -   2016-12-31

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	CHRISTIAN-ALBRECHTS-UNIVERSITAET ZU KIEL  Organization address address: OLSHAUSENSTRASSE 40 city: KIEL postcode: 24118 contact info Titolo: Ms. Nome: Linda Cognome: Piálek Email: send email Telefono: +49 431 880 4811 Fax: +49 431 880 1560	DE (KIEL)	coordinator	652˙440.00
2	LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE  Organization address address: Houghton Street 1 city: LONDON postcode: WC2A 2AE contact info Titolo: Ms. Nome: Milena Cognome: Vasileva Email: send email Telefono: +44 207106 1202	UK (LONDON)	participant	306˙000.00
3	ZENTRUM FUER EUROPAEISCHE WIRTSCHAFTSFORSCHUNG GmbH  Organization address address: L 7 1 city: MANNHEIM postcode: 68161 contact info Titolo: Mr. Nome: Jürgen Cognome: Finger Email: send email Telefono: +49 621 1235 265 Fax: +49 621 1235 269	DE (MANNHEIM)	participant	278˙400.00
4	WIRTSCHAFTSUNIVERSITAT WIEN  Organization address address: AUGASSE 2-6 city: WIEN postcode: 1090 contact info Titolo: Mr. Nome: Reinhard Cognome: Sefelin Email: send email Telefono: +43 1313365109	AT (WIEN)	participant	271˙200.00
5	UNIVERSITAT JAUME I DE CASTELLON  Organization address address: AVENIDA VICENT SOS BAYNAT S/N city: CASTELLON DE LA PLANA postcode: 12006 contact info Titolo: Mr. Nome: Ismael Cognome: Rodrigo-Martínez Email: send email Telefono: +34 964 387480 Fax: +34 964 387625	ES (CASTELLON DE LA PLANA)	participant	253˙920.00
6	UNIVERSITA POLITECNICA DELLE MARCHE  Organization address address: PIAZZA ROMA 22 city: ANCONA postcode: 60121 contact info Titolo: Prof. Nome: Francesco Maria Cognome: Chelli Email: send email Telefono: +39 0712207054 Fax: +39 0712207102	IT (ANCONA)	participant	198˙000.00
7	"USTAV TEORIE INFORMACE A AUTOMATIZACE AV CR, v.v.i."  Organization address address: POD VODARENSKOU VEZI 4 city: PRAHA postcode: 18208 contact info Titolo: Ms. Nome: Jaroslava Cognome: Maresova Email: send email Telefono: 420266000000	CZ (PRAHA)	participant	192˙000.00

Mappa

 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

 Obiettivo del progetto (Objective)

'The ability of financial markets to bear risk is central to economic welfare and stability. Growth and economic wellbeing is inhibited if financial markets are unable to transfer resources efficiently from the suppliers of liquidity to entrepreneurs. However, this proper functioning of financial markets has been distorted by levels of volatility considerably in excess of those implied by fundamentals. Markets have undergone dramatic crashes and they display speculative bubbles with market prices far removed from their equilibrium values. Economic research has hitherto been able to make only limited progress in resolving these important practical and policy relevant issues of the apparent instability in financial markets. This proposal seeks to develop elements of a new paradigm which (i) explicitly takes into account the existence of various forms of heterogeneous, boundedly rational behaviour in financial markets as well as in goods and labour markets, (ii) investigates the potential of such behaviour to generate bubbles, crashes and a system-wide break down of activity as collective outcomes of individual activities, (iii) investigates the linkages and repercussions between the complex area of financial activity and real economic activity which could be affected by e.g., the cancellation of credit lines and a breakdown of expected liquidity provision, (iv) studies how the transmission channel of monetary policy works in times of distress in the financial markets (particularly the interbank market) and how it could restore the credit flow from banks to companies operating in the real sector. We will adopt a methodologically pluralistic approach trying to augment existing macro models and construct new (agent-based) ones from bottom-up. The results will provide insights into the consequences of different modelling paradigms for the conduct of monetary policy, and in particular, appropriate reactions of monetary authorities to prevalent financial distress.'