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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




Christina and David Romer
(Berkeley Economics)
'Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why'
Tuesday 15th October 2019 3:45pm
Meade Room,
Jordi Gali
(Barcelona Graduate School of Economics)
Tuesday 5th November 2019 3:45pm
Keynes Room, Please note different room to usual



Recent Publications


Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle American Economic Review [2019]

Faraglia, E., Marcet, A., Oikonomou, R. and Scott, A. Government Debt management: the Short and the Long of it Review of Economic Studies, accepted [2018]



Selected CWPE


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Illegal Drugs and Public Corruption: Crack Based Evidence from California, Flamini, A., Jahanshahi, B., Mohaddes, K.

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Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs, Corsetti, G., Dedola, L. and Leduc, S.

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The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Siren..., Corsetti, G., Eichengreen, B., Hale, G. and Tallman, E.