project

MacroReflEx

Macro Experiments on Reflexivity and Economic Crises
Open Access mandate for Publications European Commission
  • Funder: European CommissionProject code: 705574 Call for proposal: H2020-MSCA-IF-2015
  • Funded under: H2020 | MSCA-IF-EF-ST Overall Budget: 168,277 EURFunder Contribution: 168,277 EUR
  • Detailed project information (CORDIS)
  • Open Access mandate
    Research Data: No
Description
The MacroReflEx project studies fiscal policy design in the aftermath of an economic and a sovereign debt crises, like the ones that the Euro area has experienced following the 2007-8 financial crisis. The key research question is whether or under which conditions fiscal consolidation or fiscal stimulus is more desirable in such an economic downturn. Expectations of the economic actors play a central role, both in worsening economic downturns and in determining the success or failures of policies. For this reason, the project uses an original combination of laboratory experiments and heterogenous agent models that both put a strong emphasis on the understanding ...
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Description
The MacroReflEx project studies fiscal policy design in the aftermath of an economic and a sovereign debt crises, like the ones that the Euro area has experienced following the 2007-8 financial crisis. The key research question is whether or under which conditions fiscal consolidation or fiscal stimulus is more desirable in such an economic downturn. Expectations of the economic actors play a central role, both in worsening economic downturns and in determining the success or failures of policies. For this reason, the project uses an original combination of laboratory experiments and heterogenous agent models that both put a strong emphasis on the understanding ...
Partners
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