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A Dynamic Economic and Monetary Union

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Category Archives: New models for understanding recessions and optimal policy responses

ADEMU explained: Macroeconomic stabilization with heterogeneous agents, video with Morten Ravn

Morten Ravn provides a short overview of macroeconomic stabilization in this short video. Continue reading →

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This entry was posted in ADEMU explained - video, New models for understanding recessions and optimal policy responses on June 30, 2018 by ADEMU.

POLICY BRIEF: Macroeconomic stabilisation in heterogeneous societies

Objectives

To construct a quantitative model where distributional issues matter
To use that model to analyse previously unconsidered shocks
To display new interactions between fiscal and monetary policies useful for stabilisation purposes

By Morten Ravn

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This entry was posted in New models for understanding recessions and optimal policy responses, Policy Briefs on June 18, 2018 by ADEMU.

ADEMU explained: Recessions following expansions and the instability of market economies, video with Franck Portier

Franck Portier explains why market economies are fundamentally unstable in this short video. Continue reading →

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This entry was posted in ADEMU explained - video, New models for understanding recessions and optimal policy responses on June 18, 2018 by ADEMU.

POLICY BRIEF: Recessions following expansions: The instability of market economies

Objectives

To provide new facts about business cycles in the economy and challenge the common view that the economy is fundamentally stable
Developing models that illustrate a necessary trade-off between severity and length of recessions
Recommend structural policies to limit recessions, rather than responses to shocks

By Paul Beaudry, Dana Galizia and Franck Portier

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This entry was posted in New models for understanding recessions and optimal policy responses, Policy Briefs on June 18, 2018 by ADEMU.

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Disclaimer

The results contained in this website were produced within the ADEMU project "A Dynamic Economic and Monetary Union” funded by the European Union’s Horizon 2020 Program under grant agreement N° 649396 (ADEMU). The views expressed on this website are those of the author(s) and do not necessarily reflect the views of the European Commission.