April 2016


Recent Activities and Events

The ADEMU Project continues to hold more events in conjunction with the research that is being undertaken for the project.  Here is a summary of the events that took place in April and what is coming up in the near future.

Macroeconomics of Financial Frictions Mini-Conference

Last week, ADEMU held a mini conference on Macroeconomics of Financial Frictions at the University of Cambridge in association with  The Cambridge–INET Institute. It featured three presentations of cutting-edge work on the link between financial frictions and the macroeconomy.

Within the mini conference, Simon Gilchrist (Boston University) argued that financial impediments may have prompted firms in crisis-affected Eurozone states to raise their relative prices during the downturn, contrary to conventional understanding. Nicolas Crouzet (Kellog School of Management) provided a new model of corporate debt choice that could explain reduced aggregate investment in the face of banking-sector shocks, even when firms had access to bond finance. Finally Nobu Kiyotaki (Princeton University) analysed emerging market crises under the hypothesis that a strong disruptive channel links exchange-rate devaluation to a reduction in bank lending capacity.

Macroeconomic and Financial Imbalances and Spillovers Workshop

On Friday 29th and Saturday 30th April, a workshop will be taking place on Macroeconomic and Financial Imbalances and Spillovers in CERGE-EL, Prague. 

This workshop is being organised by Work Package 3 of the ADEMU project. The research focus of this Work Package is on the spillover effects between member states that are caused by shocks to fiscal and financial variables and on the role of international imbalances in macroeconomic and financial variables due to asymmetric patterns of economic interdependence within the euro area and between the EU states.  The main subject of the workshop is the extent to which these effects and imbalances have contributed to recent macroeconomic instability and the potential role of macroprudential regulation. For more information and to register for this event, please see here.

 More Upcoming Events

Heterogenous Agents & Macroeconomic Modelling - Mini-Conference

A mini-conference will be held at the University of Cambridge on May 10, addressing the following topics: Monetary Policy According to HANK; Predicting the Top of the Laffer Curve; Rethinking the Welfare State. Click here for more information and to register. 
Risk-Sharing Mechanisms for the EU - Workshop

On May 20-21, ADEMU will be holding a workshop that addresses this subject at the European University Institute in Florence. For more information and to register for this event, please click here.
The activities section of the ADEMU website will be continuously updated with all future ADEMU events as they are announced.
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A Dynamic Economic and Monetary Union (ADEMU) · Ramon Trias Fargas 25-27 · Barcelona, 08001 · Spain

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