FLUCTUATIONS

Research on Economic Fluctuations and Globalization

Coordinatore	LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE    more Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie.
Nazionalità Coordinatore	United Kingdom [UK]
Totale costo	544˙581 €
EC contributo	544˙581 €
Programma	FP7-IDEAS-ERC Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
Code Call	ERC-2009-StG
Funding Scheme	ERC-SG
Anno di inizio	2009
Periodo (anno-mese-giorno)	2009-10-01   -   2013-09-30

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE  Organization address address: Houghton Street 1 city: LONDON postcode: WC2A 2AE contact info Titolo: Dr. Nome: Maria Silvana Cognome: Tenreyro Email: send email Telefono: -2076385580	UK (LONDON)	hostInstitution	544˙581.60
2	LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE  Organization address address: Houghton Street 1 city: LONDON postcode: WC2A 2AE contact info Titolo: Ms. Nome: Jane Cognome: Ellison Email: send email Telefono: +44 20 7955 7113 Fax: +44 20 7955 6187	UK (LONDON)	hostInstitution	544˙581.60

Mappa

 Word cloud

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 Obiettivo del progetto (Objective)

'The first strand of the proposal seeks to study housing market fluctuations. Housing markets play a prominent role in the economy and in the conduct of monetary policy and yet standard DSGE models often ignore them. In a first project, we will study both empirically and theoretically seasonal fluctuations in housing markets. We view this as an important first step to shed light on the models needed to describe housing markets. A second project will build on these modelling implications to develop a macroeconomic framework that accounts for lower-frequency fluctuations in housing markets; in particular, we will study the effects of different economic shocks and optimal policy responses, with particular attention to the mechanism through which initial shocks get amplified and transmitted to the rest of the economy. The second strand will seek to understand and quantify the role of international trade, and in particular the emergence of China and India, in explaining the sharp decline in the volatility of aggregate fluctuations experienced by most advanced economies since the mid 1980s. Concretely, the project will ask both theoretically and empirically the extent to which counting on a wider pool of input suppliers from non-traditional trading partners has mitigated the effect of economic shocks on output and prices. As an auxiliary tool, a second project will develop a new econometric test for model selection. The final strand has two main branches. In the first, we will propose a model to study the role of optimality of employment relations in the transmission mechanism of monetary policy. In the second, we will develop a model to asses the role of liquidity in the transmission mechanism. Testable implications from these two models will be empirically assessed.'