edited by ISPI

New policies and institutions to escape the fate of recurring crises

Last month, RAstaNEWS issued its First Report. The Report takes off from the assumption that rethinking the future of macroeconomic and monetary integration in Europe requires a substantial revision and integration of underlying macroeconomic models, and a new vision about what markets and policymakers can accomplish.
In a nutshell, since its inception RAstaNEWS has aimed at providing two different but interrelated policy outputs to EU and Eurozone policymakers. The first is a proposal to reform EMU policies in a way that would contribute to decrease the likelihood of the occurrence of future crises, while at the same time supporting overall growth in the currency union. The second entails a strategy to design new early warning signals (EWS), aimed at pinpointing problematic disequilibria at the macro level, enabling policymakers to act as early as possible to rebalance national economies or the Eurozone as a whole before a full-fledged crisis ensues.
In this Report, we focus on the former and propose a three-pronged strategy to escape the fate of recurring crises in the euro area.


 

ABOUT RAstaNEWS

RAstaNEWS investigates many aspects of the future of macro-economic and monetary integration in Europe, paving the way to a revised governance of the EMU, and the EU as a whole, in the wake of the debt crisis.
Our project is based on the premise that rethinking the future of macroeconomic and monetary integration in Europe requires a substantial revision and integration of the underlying macroeconomic model and a new vision about what markets and policy-makers can accomplish.
Read more

 

RESEARCH AND PUBLICATIONS

Limited Asset Market Participation and the Optimal Fiscal and Monetary Policies

Lorenzo Menna and Patrizio Tirelli (University of Milano Bicocca) Read it here

The Comeback of Inflation as an Optimal Public Finance Tool

Giovanni Di Bartolomeo, Nicola Acocella (Sapienza University) and Patrizio Tirelli (University of Milano Bicocca) Read it here

Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty

Christian Conrad and Matthias Hartmann (Ruprecht-Karls-Universitšt Heidelberg) Read it here

Insights on the global macro-finance interface: Structural sources of risk factor fluctuations and the cross-section of expected stock returns

Claudio Morana (University of Milan Bicocca) Read it here

The oil price-macroeconomy relationship since the mid-1980s: A global perspective

Claudio Morana (University of Milan Bicocca) Read it here

November

Stay tuned for the announcement of the second RAstaNEWS Executive Briefing, that will take place next November in Brussels!

 

July

On 22 July, RAstaNEWS organized special sessions on Macro-financial imbalances in the Euro Area and on Macro-Financial Stress Assessment at the Second International Conference of the Society for Economic Measurement, held at the OECD Conference Center, Paris.

July

On 23-24 July, RAstaNEWS organized a special session at the World Finance Conference, held at the University of CEMA Buenos Aires, Argentina.

 
 
 

Unsubscribe Click here

     


Questa mail è stata inviata a arturo.varvelli@ispionline.it, da parte di ispi.eventi@ispionline.it |  
Rimozione istantanea con SafeUnsubscribe| Informativa sulla privacy.

ISPI | Via Clerici, 5 | Milano | 20121 | Italy