skip to content

Faculty of Economics

A Dynamic Economic And Monetary Union (Ademu)


Graph Image

Title: A Dynamic Economic And Monetary Union (Ademu)

Sponsor: Horizon 2020, Societal Challenges (SC)

Description: ADEMU (A Dynamic Economic and Monetary Union) is part of the Horizon 2020 work program topic Resilient and sustainable economic and monetary union in Europe (EURO-1-2014). The primary focus of the project is on the dimension The impact of macroeconomic and social imbalances on economic stability.

In response to the European debt crisis and associated deep recession, a number of important steps have been taken towards redesigning the institutional architecture of the European monetary union, based on the roadmap outlined in the Van Rompuy Report (2012). But these institutional innovations – in particular the ‘fiscal compact’ of the European Stability Mechanism, the Single Supervisory Mechanism and the Single Resolution Mechanism – retained relatively weak theoretical foundations when the project was launched and throughout its lifecycle. In particular, there was a noticeable gap between policy-oriented analyses of the precise EU challenges, and the major developments in dynamic macroeconomic theory of the past three decades.

External website: http://ademu-project.eu/



Principal Investigator


Professor Giancarlo Corsetti

Principal Investigator


Professor Hamish Low

Principal Investigator


Dr Pontus Rendahl

Principal Investigator


Charles Brendon

Research Associate


Dr Joao Duarte

 


Graph Image

Related Tags:

Macroeconomics

Euro Crisis

EU

European Monetary System

Monetary

Debt

Debt Crises

Stability