ADEMU releases 50 working papers

ADEMU, the three-year Horizon 2020 research project set up to reassess the overall fiscal and monetary framework of the EU, has released the 50th paper of its working paper series. The collection includes detailed findings from ADEMU researchers and external contributors on topics including sovereign debt sustainability, risk-sharing mechanisms, and macroeconomic and financial imbalances and spillovers.

The full list of papers can be found at

ADEMU, which brings together eight leading European economics research institutions, examines the long-term sustainability of the European Monetary Union (EMU). It aims to provide concrete and implementable policy proposals for the reform of the EMU through the application of the methods of modern macroeconomics and on the basis of empirical facts.

Led by scientific coordinator Ramon Marimon, the project benefits from the expertise of 54 academics and over 30 PhD and post-doc researchers in the field of macroeconomics and fiscal policy. Participants come from the Barcelona Graduate School of Economics, the Catholic University of Portugal, the Charles University in Prague, the European University Institute in Florence, the Toulouse School of Economics, University College London, the University of Bonn and the University of Cambridge.

The overarching theme of the working papers, which include contributions from Ramon Marimon, Pedro Teles, Morten Ravn, Giancarlo Corsetti and Franck Portier, is the overall monetary and fiscal structure of the EU. They maintain a scientific analysis at the level of complexity necessary for the problems being considered, while breaking down the main research questions in order to address them in a more effective and comprehensive way.

Regular events including workshops, seminars, lectures and conferences are being held throughout the three-year research period of ADEMU, with contributions encouraged from researchers and economists working in the field.

Upcoming events in 2017 include:

  • Fiscal Policy in a Monetary Union in Times of Crisis – Mini-Conference
    March 30, 2017 | Barcelona GSE, Barcelona
  • How much of a Fiscal Union for the EMU? – Conference
    May 18-19, 2017 | Bank of Spain, Madrid

In association with the Bank of Spain, the European Stability Mechanism and the International Monetary Fund

  • Measures of Public Balance Sheet Risk Assessment and on Social & Labour Insurance Risks – Workshop
    July 6-7, 2017 | University of Bonn, Bonn

The findings of the ADEMU research will be presented during the final conference of the project, which will be held in Florence in spring 2018, together with detailed institutional proposals to improve the current institutional framework of the EMU.

For further information about ADEMU research, contact the project manager, Margherita Fabbri margherita.fabbri@eui

For press enquiries, including requests for photographs and interviews, contact

For information about events, including workshops and conferences, see