Investigating new policies for financial stability that do not create inequality
"The primary aim of the action is to investigate how new macroprudential policies can influence financial stability without contributing to inequality in society. In this project we aim to apply cutting-edge, agent-based simulatio...
ver más
¿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
PGC2018-102133-B-I00
EFECTOS A LARGO PLAZO DE LAS CRISIS FINANCIERAS, DESIGUALDAD...
16K€
Cerrado
MACROBANK
Systemic Risks and Macroprudential Regulation in Banking
100K€
Cerrado
FINANCIALIZATION
Financialization economic development and crisis
100K€
Cerrado
ECO2008-04785
POLITICA FISCAL Y MONETARIA Y MERCADOS FINANCIEROS
411K€
Cerrado
ECO2009-10398
EFECTOS MACROECONOMICOS Y FINANCIEROS DE LA POLITICA MONETAR...
85K€
Cerrado
FIRSTRUN
Fiscal Rules and Strategies under Externalities and Uncertai...
2M€
Cerrado
Información proyecto MACROPRU
Duración del proyecto: 29 meses
Fecha Inicio: 2021-04-22
Fecha Fin: 2023-09-30
Fecha límite de participación
Sin fecha límite de participación.
Descripción del proyecto
"The primary aim of the action is to investigate how new macroprudential policies can influence financial stability without contributing to inequality in society. In this project we aim to apply cutting-edge, agent-based simulation techniques to uncover the redistributive effects of macroprudential policies and to examine the combination optimality of the macroprudential tools from the social welfare perspective. The results of this project will complement the conclusions extracted from the ECB system-wide stress-testing exercises by providing data on the rise of inequality in EU countries due to the adoption of new financial regulations. It will also supplement the macroeconomic impact assessment for the Basel III reforms (cost-benefit ""Growth-at-Risk"" approach).
This project expands our knowledge about a new, innovative tool, namely agent-based modeling, that can be used in financial oversight. It provides us with the practical knowledge of how to take into account the heterogeneity of the agents in the models and how to apply new Bayesian estimation techniques. The results of the project may guide policymakers and central bankers on how to reshape financial regulations and to calibrate macroprudential policies in order to minimize adverse social effects and to reduce inequality (by supporting a social policy). The project is consistent with the European Commission’s support on research programmes on the public sector and social innovation that is described in the Europe 2020 Flagship Initiative Innovation Union.
The researcher will be fully integrated into Prof. J. Doyne Farmer’s team at the INET Oxford and at the Mathematical Institute of the University of Oxford. The Curie IF will give the applicant the opportunity to perform relevant and state-of-the-art research in the best institute of complexity economics in the world, to re-enforce her position as an independent research group leader and to initiate new long-term collaborations."