ADEMU Working Groups

The aim of the ADEMU Working Groups was to guarantee the active participation of researchers and Ph.D. students in the project, allowing a mutual exchange of knowledge on the themes analysed.

The Working Groups did not exclusively include economists, but also researchers from other departments and fields of expertise such as Law and Political Science. A list of the Associated PhD Researchers, which have actively been involved in the ADEMU Working Groups is available here, while the schedules of the Working Groups in Florence and in Cambridge are displayed below. Additional information about the meetings (e.g. minutes, papers, presentations) is available upon request (

ADEMU Working Group @ European University Institute

April 3, 2018 The effect of government expenditure on the gender wage gap
March 13, 2018 Liquidity, Government Bonds and Sovereign Debt Crises
March 6, 2018 The desirability of public bailout
February 28, 2018 Financial stability analysis in banking resolution
February 20, 2018 The Reversal Interest Rate: an Effective Lower Bound on Monetary Policy”
February 6, 2018 Countercyclical Bank Capital Requirements, Basel III and Financial Stress
January 23, 2018 A proposal for a European Stability Fund (ESF)
December 12, 2017 Nonlinearities and Fiscal Policy
November 29, 2017 Eurobonds:  a proposal for a common EMU debt instrument 
November 14, 2017 Job Mobility and Creative Destruction: Flexicurity in the Land of Schumpeter
Revisiting Tax on Top Income
October 24, 2017 Debt Rescheduling and Structural Reform
October 10, 2017 The Role of Risk-Weights in Basel III

Tax Progressivity and Inequality

September 26, 2017 Economic Governance of the EMU
June 6, 2017 Fiscal Decentralization
April 25, 2017 A Narrative for the ADEMU Project
April 20, 2017 Asymmetric Trade Liberalizations and Current Account Dynamics
April 4. 2017 Liquidity, Government Bonds and Sovereign Debt Crises
March 21, 2017 Fiscal Decentralization and the Business Cycle
February 21, 2107 Fiscal Federalism in  EA & Hamilton’s Paradox
February 7, 2017 Fiscal Federalism in the OECD
December 1, 2016 Optimal Monetary and Fiscal Policy in a Currency Union and Fiscal Unions
November 17, 2016 The Euro and the Battle of Ideas
November 3, 2016 Political Economy of Banking and Lobbying
October 20, 2016 Open questions on “How much of a fiscal union for the EMU?”
October 6, 2016 Fiscal Consolidation in a Disinflationary Environment
September 22, 2016 Multidisciplinary research: Law and Economics
December 10, 2015 Strengths and Weaknesses of the Euro Area and Research Ideas
November 12, 2015 The Heterogenous Effects of Government Spending: It’s All About Taxes
November 5, 2015 Fiscal Transfers in a Monetary Union with Sovereign Risk
October 22, 2015 Reviewing the ADEMU Kick-Off conference
September 25, 2015 Preparatory event for the ADEMU Kick-Off conference
September 17, 2015 Review and discussion of the Five President Report

ADEMU Working Group @ University of Cambridge

October 26, 2016 Global Reserve Assets in a Low Interest Rate World Secular Stagnation in the Open Economy
November 2, 2016 Restoring Rational Choice: The Challenge of Consumer Financial Regulation
November 9, 2016 Household Debt and Business Cycles Worldwide
November 16, 2016 Taxes, Debts, and Redistributions with Aggregate Shocks
November 23, 2016 Monetary policy surprises, credit costs, and economic activity
November 30, 2016 On the job search and precautionary saving
February 22, 2017 International Liquidity and Exchange Rate Dynamics
May 10, 2017 When shadows grow longer: shadow banking with endogenous entry
May 25, 2017 Markups and Exchange Rates: Evidence from Chinese Exporters