New approaches to the study of economic fluctuations

Lines connect the coordinator with its partners.

Project objective

Each partner in the project has the expertise necessary to provide training. This network aims to develop new approaches to quantitative analysis of economic fluctuations. A number, of new approaches to the analysis of programmes for the Young Researchers. This will take the form of active fluctuations have emerged recently in the theoretical literature, which participation in seminars and workshops (all partners have at least one active seminar series at their institution) and participation in summer highlight the roles played by the heterogeity of firms and households, rigidities in price and wage adjustment, and externalities and multiple schools. In addition, partner institutions are able to attract top-class equilibria. There is, however, little empirical evidence on the importance-visiting scholars, who often teach specialized courses on selected topics of these factors in explaining fluctuations at the levels of the nation.The network will employ a variety of procedures in order to ensure that a wide range of high-quality candidates are identified to fill the region, the household and the firm. The network will develop new positions funded by the network statistical methods suitable for extracting both dynamic and cross-sectional information and apply these techniques to newly available datasets. The project brings together eight leading institutions from seven EU countries to undertake three connected lines of research: to study the aggregate characteristics of the European business cycle with the goal of establishing the 'main facts' (dating of turning points, co movements between aggregates in different countries, possible asymmetries of expansions and recessions); to use disaggregated data - at the regional, sectoral and firm level - to investigate the link between aggregate behaviour and microdynamics; and to match established cyclical characteristics with the predictions of existing equilibrium macroeconomic models, with the goal of discriminating between different classes of models.

Original text from CORDIS.

Participants

• UNIVERSIDAD CARLOS III DE MADRID · GETAFECoordinatorSpain
• Athens Institute of Economic Policy Studies · AthensGreece
• CENTRE FOR ECONOMIC POLICY RESEARCH · LONDONUnited Kingdom
• Humboldt-Universität zu Berlin · BerlinGermany
• TILBURG UNIVERSITY · TILBURGNetherlands
• UNIVERSITE LIBRE DE BRUXELLES · BRUXELLESBelgium
• UNIVERSITY COLLEGE LONDON · LONDONUnited Kingdom
• UNIVERSITY OF MODENA AND REGGIO EMILIA · ModenaItaly

Links

• View on CORDIS