Western democracies have been affected differently by the global financial crisis. Political and institutional responses have also varied greatly, including those of central banks whose policies have been more or less aggressive and proactive. Continue reading
An ADEMU workshop aimed at presenting and discussing the ongoing research on stabilization policies in the aftermath of the financial crisis will be held in Galatina next 28-29 August. Papers and extended abstract should be submitted by 30 April 2017.
An ADEMU workshop at the Barcelona GSE Summer Forum 2017
Workshop: 8-9 June
How do fiscal and financial shocks propagate from one country to another? What are the implications of this for the conduct of fiscal policy in EU countries? Continue reading
Leading global economists gathered at the European University Institute in Florence on the 18 and 19 November to discuss the challenges of economic policy. Continue reading
On 14th-15th October 2016, ADEMU held a workshop at the European University Institute. The goal of the workshop was to discuss ongoing research on potential changes in job creation, job destruction and productivity growth rates during the Great Recession and its aftermath. In addition, it looked at how product and labour market institutions affect the development of trends and business cycle fluctuations of those variables and, in doing so, analysed how they may have impinged on workers’ transitions flows between employment, unemployment and non-participation.
On May 20-21 2016, an ADEMU workshop was held at the European University Institute, organized in collaboration with the International Monetary Fund and the European Stability Mechanism. The workshop aimed to analyze the potentials of risk-sharing mechanisms in the European Union, evaluating existing strategies and discussing new proposals for a more efficient system.
The workshop benefited from the contribution of top economists from the organizing institutions and from a number of other Universities and research institutes (Zurich University of Applied Sciences, London Business School, University of Amsterdam, University Cambridge-INET, New York University, Washington University, Wuhan University, CEPS, Zew), as well as from the EC, the ECB, the Bank of Spain and the Bank of France. The juridical aspects of risk-sharing were also covered, thanks to the contribution of Tuomas Saarenheimo and Päivi Leino-Sandberg, from the Finnish Ministry of Finance and the University of Helsinki, respectively. Continue reading
On 29 and 30 April 2016 the CERGE-EI (Center for Economic Research and Graduate Education – Economics Institute) in Prague hosted the Work Package 3 Workshop for the ADEMU (A Dynamic Economic and Monetary Union) Project, part of the Horizon 2020 work program topic “Resilient and Sustainable Economic and Monetary Union in Europe”. The research in Work Package 3 focuses on spillovers eﬀects between member states and on the role of international imbalances in macroeconomic and ﬁnancial variables.
Took place October 22nd-23rd, 2015
The workshop included three hour sessions on each of the following four themes:
- Conditions posed to legal change in reaction to the Eurozone crisis at both EU and national level (such as competence constraints, fundamental rights limits)
- Legal aspects of the overall new EMU package (e.g. Macro-economic Imbalance Procedure, Excessive Deficit Procedure, Broad Economic Policy Guidelines)
- Legal aspects of risk-sharing mechanisms (e.g. European Stability Mechanism, prospects for Euro-bonds)
- Legal aspects of banking union (emphasis on: Single Supervisory Mechanism, Single Resolution Mechanism, deposit insurance)