Hola,
¿eres nuevo aquí?

Regístrate gratis y conecta tu empresa con financiación pública, partners y proyectos.

Tengo cuenta

Regístrate

Ver video

EXPMAC

Financiado

Cerrado

Experimental Macroeconomics Expectations and Monetary Policy Design

The objective of this proposal is to address three issues in the hart of the debate in modern macroeconomics, and in particular in monetary economics. All these issues will be analyzed with a new and innovative research methodolog... ver más

30/04/2012

TILBURG UNIVERSITY

161K€

Presupuesto del proyecto: 161K€

Líder del proyecto

TILBURG UNIVERSITY UNIVERSITEIT VAN TILBURG No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Fecha límite participación Sin fecha límite de participación.

Financiación concedida El organismo FP7 notifico la concesión del proyecto el día 2012-04-30 No tenemos la información de la convocatoria

0% 100%

Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

1 Participantes

TILBURG UNIVERSITY

0.00€ | Lider

Conecta tu I+D

¿Tienes un proyecto y buscas un partner? Gracias a nuestro motor inteligente podemos recomendarte los mejores socios y ponerte en contacto con ellos. Te lo explicamos en este video

Proyectos interesantes

Macro Identification New Approaches to the Identification of Macroeconomic Models 1M€ Cerrado

LABPOL Labor Markets Economic Fluctuations and Monetary Policy 600K€ Cerrado

LearnInCycle A Learning-from-Prices view of Inflation and Business Cycles 1M€ Cerrado

ECONOMETRICS_CBC Effectiveness of Central Bank Communication 151K€ Cerrado

UNMACRODYN Uncertainty shocks inflation dynamics and monetary policy 225K€ Cerrado

BUBPOL Monetary Policy and Asset Price Bubbles 799K€ Cerrado

Líder del proyecto

TILBURG UNIVERSITY UNIVERSITEIT VAN TILBURG No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 161K€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto The objective of this proposal is to address three issues in the hart of the debate in modern macroeconomics, and in particular in monetary economics. All these issues will be analyzed with a new and innovative research methodology within this field: laboratory experiments. This field has a lot of potential to address some of questions regarding monetary policy design as we abstract from the influence of exogenous factors and thus it is quite straightforward to analyze properties of the standard macroeconomic model under different expectation formation processes. The first two issues are concerned with the design of monetary policy: first to establish the relationship between monetary policy and expectation formation mechanism and second to investigate what is the optimal level of transparency and central bank communication strategy to stabilize inflation and output. We search for the design of monetary policy that would perform best in a controlled environment when subject are asked to forecast inflation and output. In order that this can be achieved inflation expectations should be well anchored. It is expected that several designs proposed in the literature will not prevent the emergence of expectations driven cycles. A third issue that will be addressed in this proposal is to put the standard sticky-price New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model to the test in the laboratory. Using subjects’ inputs and decisions in a simplified fictitious economy with households, firms, and policy makers, we will derive the main macroeconomics aggregates and compare their evolution and their reactions to monetary policy changes with the theoretical predictions from the DSGE models and actual observed stylized facts. The final objective of this project is the dissemination of results and organization of an academic conference on the proposed topic.

Conecta tu I+D

Entra hoy

¿Olvidé mi contraseña?

Financiación

Empresas

CTIs/Universidades

Proyectos

Investigadores