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A Dynamic Economic And Monetary Union (Ademu) - People

Principal Investigator: Professor Giancarlo Corsetti
Principal Investigator: Professor Hamish Low
Principal Investigator: Dr Pontus Rendahl
Principal Investigator: Charles Brendon
Research Associate: Dr Joao Duarte

A Dynamic Economic And Monetary Union (Ademu) - Details

Title: A Dynamic Economic And Monetary Union (Ademu)

Sponsor: ECH2020 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 recently been taken towards redesigning the institutional architecture of EMU, based on the roadmap outlined in the Van Rompuy Report (2012). But these institutional innovations – in particular the ‘fiscal compact’, the ESM, the SSM and the SRM – retain relatively weak theoretical foundations. In particular, there is 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.

Website: http://ademu-project.eu/
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Macroeconomics Research Group





Recent Publications


Rendahl, P. Fiscal policy in an unemployment crisis Review of Economic Studies [2016]

Cavalcanti, T. V. D. On the determinants of slum formation Economic Journal [2018]



Latest CWPE


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The Case for Flexible Exchange Rates in a Great Recession, Corsetti, G., Kuester, K. and Müller, G. J.

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Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Sh..., de Ridder, M. and Pfajfar, D.

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Bargaining with renegotiation in models with on-the-job search, Gottfries, A.