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ADEMU

A Dynamic Economic and Monetary Union

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

ADEMU project word cloud

Explore the words cloud of the ADEMU project. It provides you a very rough idea of what is the project "ADEMU" about.

area redesigning srm multipliers scope van rompuy point relatively fiscal weak crisis 2012 policy monetary markets forms compact resilience noticeable ssm recession generate mechanisms innovations proposals risks full financial rigorous decades banking imbalances alternative public union esm sharing political consolidation it risk precise building market money ademu deep architecture report focal consideration regarding stakeholders theory structure groups brings oriented dimensions institutional overhang reforms roadmap economy outlined shocks analyzing debt confront economic theoretical framework regulation foundations policies eight dynamic spillovers emphasis policymakers special emu labor retain closing frontier academics gap interdependence sustainability macroeconomic debates

Project "ADEMU" data sheet

The following table provides information about the project.

Coordinator	EUROPEAN UNIVERSITY INSTITUTE Organization address address: VIA DEI ROCCETTINI 9 city: FIESOLE postcode: 50014 website: www.eui.eu contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Italy [IT]
Project website	http://ademu-project.eu
Total cost	2˙499˙999 €
EC max contribution	2˙499˙999 € (100%)
Programme	1. H2020-EU.3.6. (SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies)
Code Call	H2020-EURO-SOCIETY-2014
Funding Scheme	RIA
Starting year	2015
Duration (year-month-day)	from 2015-06-01 to 2018-05-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	EUROPEAN UNIVERSITY INSTITUTE EUROPEAN UNIVERSITY INSTITUTE Organization address address: VIA DEI ROCCETTINI 9 city: FIESOLE postcode: 50014 website: www.eui.eu contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	IT (FIESOLE)	coordinator	466˙031.00
2	FUNDACIO PRIVADA BARCELONA GRADUATE SCHOOL OF ECONOMICS FUNDACIO PRIVADA BARCELONA GRADUATE SCHOOL OF ECONOMICS Organization address address: CALLE RAMON TRIAS FARGAS 25 27 city: BARELONA postcode: 8005 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	ES (BARELONA)	participant	436˙278.00
3	THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE Organization address address: TRINITY LANE THE OLD SCHOOLS city: CAMBRIDGE postcode: CB2 1TN website: www.cam.ac.uk contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	UK (CAMBRIDGE)	participant	314˙645.00
4	FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21 city: TOULOUSE postcode: 31000 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FR (TOULOUSE)	participant	284˙712.00
5	RHEINISCHE FRIEDRICH-WILHELMS-UNIVERSITAT BONN RHEINISCHE FRIEDRICH-WILHELMS-UNIVERSITAT BONN Organization address address: REGINA PACIS WEG 3 city: BONN postcode: 53113 website: www.uni-bonn.de contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (BONN)	participant	280˙490.00
6	UNIVERZITA KARLOVA UNIVERZITA KARLOVA Organization address address: OVOCNY TRH 560/5 city: PRAHA 1 postcode: 116 36 website: www.cuni.cz contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	CZ (PRAHA 1)	participant	255˙015.00
7	UNIVERSITY COLLEGE LONDON UNIVERSITY COLLEGE LONDON Organization address address: GOWER STREET city: LONDON postcode: WC1E 6BT website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	UK (LONDON)	participant	233˙288.00
8	UNIVERSIDADE CATOLICA PORTUGUESA UNIVERSIDADE CATOLICA PORTUGUESA Organization address address: PALMA DE CIMA city: LISBOA postcode: 1649 023 website: www.ucp.pt contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PT (LISBOA)	participant	229˙540.00

Map

Project objective

In response to the European debt crisis and associated deep recession, a number of important steps have recently been taken towards redesigning the institutional architecture of EMU, based on the roadmap outlined in the Van Rompuy Report (2012). But these institutional innovations – in particular the ‘fiscal compact’, the ESM, the SSM and the SRM – retain relatively weak theoretical foundations. In particular, there is a noticeable gap between policy-oriented analyses of the precise EU challenges, and the major developments in dynamic macroeconomic theory of the past three decades. ADEMU brings together eight research groups from leading European institutions with the aim of closing this gap. It studies the overall monetary and fiscal structure of the EU and the euro area, and the mechanisms of fiscal policy coordination among member states, with specific focus on: i) ensuring the long-term sustainability of EMU, addressing issues such as debt overhang, fiscal consolidation, public debt management, risk-sharing within the union, and crisis management mechanisms; ii) building resilience to economic shocks, with special emphasis on the coordination of fiscal policies, fiscal multipliers and labor market risks; and iii) managing interdependence in the euro area, analyzing both fiscal and financial spillovers and the effects of macroeconomic imbalances on financial and money markets, and, to confront these issues, new forms of banking regulation and monetary policy. ADEMU is at the frontier of dynamic macroeconomic research, and the project will generate new knowledge that will be used to provide a rigorous assessment of the current institutional framework, and detailed proposals for improving it. It will also be a focal point in debates among academics, policymakers and other stakeholders regarding the implementation of new policies. The scope of the project will include a full consideration of political economy and legal dimensions to alternative institutional reforms

Deliverables

List of deliverables.
Workshop 1.3	Demonstrators, pilots, prototypes	2019-07-23 11:02:37
Support and dissemination of the Policy Briefs	Other	2019-07-23 11:02:36
Indicators	Documents, reports	2019-07-23 11:02:37
Dissemination of Working Papers II	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Workshop 3.2	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Support and dissemination of the ADEMU Lectures and Courses	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Working papers WP1	Documents, reports	2019-07-23 11:02:36
Working papers 4	Documents, reports	2019-07-23 11:02:35
Dissemination of the results of the Workshops II & Policy Forums	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Workshop 4.2	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Support and dissemination of the two ADEMU Final Reports	Demonstrators, pilots, prototypes	2019-07-23 11:02:37
Risk assesment report	Documents, reports	2019-07-23 11:02:36
Workshop 1.2	Demonstrators, pilots, prototypes	2019-07-23 11:02:37
Dissemination of the events of last year of the project	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Workshop 2.2	Demonstrators, pilots, prototypes	2019-07-23 11:02:35
Workshop 2.1	Demonstrators, pilots, prototypes	2019-07-23 11:02:37
Dissemination of the results of the Final Conference	Other	2019-07-23 11:02:37
Report on The State of the Van Rompuy Roadmap in 2018	Documents, reports	2019-07-23 11:02:36
Working papers WP3	Documents, reports	2019-07-23 11:02:36
Workshop 4.1	Demonstrators, pilots, prototypes	2019-07-23 11:02:35
Policy Briefs WP1	Documents, reports	2019-07-23 11:02:37
Working papers WP2	Documents, reports	2019-07-23 11:02:37
Policy briefs WP2	Documents, reports	2019-07-23 11:02:36
Web dissemination of ADEMU data, indicators and software	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Support and dissemination of The Risk Assessment Report on Public Sector Balance Sheets	Demonstrators, pilots, prototypes	2019-07-23 11:02:36
Policy Briefs WP3	Documents, reports	2019-07-23 11:02:36
Policy briefs WP4	Documents, reports	2019-07-23 11:02:36
Working papers first draft WP3	Documents, reports	2019-07-23 11:02:34
Dissemination of the results of the Take-off Conference	Demonstrators, pilots, prototypes	2019-07-23 11:02:34
Dissemination of the results of Workshops I	Demonstrators, pilots, prototypes	2019-07-23 11:02:34
Dissemination of Working Papers I	Demonstrators, pilots, prototypes	2019-07-23 11:02:34
Working papers first draft WP2	Documents, reports	2019-07-23 11:02:34
Working papers first draft WP1	Documents, reports	2019-07-23 11:02:34
Workshop 3.1	Demonstrators, pilots, prototypes	2019-07-23 11:02:34
Workshop 1.1	Demonstrators, pilots, prototypes	2019-07-23 11:02:34
Working papers first draft WP4	Documents, reports	2019-07-23 11:02:34

Take a look to the deliverables list in detail: detailed list of ADEMU deliverables.

Publications

List of publications.
year	authors and title	journal	last update
2018	Ramon Marimon, Thomas Cooley, Morten Ravn, Hugo Rodriguez, Radim Bohacek, Arpad Abraham, Lukas Mayr, Joao Brogueira de Sousa, Paul Beaudry, Dana Galizia, Franck Portier, Martial Dupaigne, Patrick Feve, Pedro Teles, Giancarlo Corsetti, Giorgio Monti, David K.Levine, Andrea Mattozzi The EMU after the Euro Crisis: Lessons and Possibilities - Findings and proposals from the Horizon 2020 ADEMU project published pages: , ISSN: , DOI:	VOX E-Book Series	2019-10-08
2016	Patrick FÃ¨ve, Tannous Kass-Hanna, Mario Pietrunti An analytical characterization of noisy fiscal policy published pages: 76-79, ISSN: 0165-1765, DOI: 10.1016/j.econlet.2016.09.013	Economics Letters 148	2019-10-08
2017	Armin Steinbach Allâ€™s well that ends well? Crisis policy after the German constitutional courtâ€™s ruling in Gauweiler published pages: 140-149, ISSN: 1023-263X, DOI: 10.1177/1023263x17693201	Maastricht Journal of European and Comparative Law 24/1	2019-10-08
2018	Guilherme Bandeira, Evi Pappa, Rana Sajedi, and Eugenia Vella Fiscal Consolidation in a Low-Inflation Environment: Pay Cuts versus Lost Jobs published pages: , ISSN: 1815-4654, DOI:	International Journal of Central Banking June 2018	2019-10-08
2018	Radim BohÃ¡Äek, Michal Kejak Optimal government policies in models with heterogeneous agents published pages: 834-858, ISSN: 0022-0531, DOI: 10.1016/j.jet.2018.05.008	Journal of Economic Theory 176	2019-10-08
2018	Armin Steinbach Insurance-Type Cooperation Mechanisms under EU Law published pages: , ISSN: 1556-5068, DOI: 10.2139/ssrn.2905391	SSRN Electronic Journal	2019-07-23
2017	Dimitrios Bermperoglou, Evi Pappa, Eugenia Vella The government wage bill and private activity published pages: 21-47, ISSN: 0165-1889, DOI: 10.1016/j.jedc.2017.03.006	Journal of Economic Dynamics and Control 79	2019-07-23
2018	Andrew J Fieldhouse, Karel Mertens, Morten O Ravn The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar U.S. Housing Credit Policy* published pages: 1503-1560, ISSN: 0033-5533, DOI: 10.1093/qje/qjy002	The Quarterly Journal of Economics 133/3	2019-07-23
2018	JoÃ£o Ayres, Gaston Navarro, Juan Pablo Nicolini, Pedro Teles Sovereign default: The role of expectations published pages: 803-812, ISSN: 0022-0531, DOI: 10.1016/j.jet.2018.02.006	Journal of Economic Theory 175	2019-07-23
2018	Joachim Jungherr Bank opacity and financial crises published pages: 157-176, ISSN: 0378-4266, DOI: 10.1016/j.jbankfin.2018.09.022	Journal of Banking & Finance 97	2019-07-23
2018	Marco Bassetto, Wei Cui The fiscal theory of the price level in a world of low interest rates published pages: 5-22, ISSN: 0165-1889, DOI: 10.1016/j.jedc.2018.01.006	Journal of Economic Dynamics and Control 89	2019-07-23
2016	Anne-Laure Delatte, Julien Fouquau, Richard Portes Regime-Dependent Sovereign Risk Pricing During the Euro Crisis* published pages: 363-385, ISSN: 1572-3097, DOI: 10.1093/rof/rfw050	Review of Finance 21/1	2019-07-23
2017	Morten O. Ravn, Vincent Sterk Job uncertainty and deep recessions published pages: 125-141, ISSN: 0304-3932, DOI: 10.1016/j.jmoneco.2017.07.003	Journal of Monetary Economics 90	2019-07-23
2017	Wouter J Den Haan, Pontus Rendahl, Markus Riegler Unemployment (Fears) and Deflationary Spirals published pages: 1281-1349, ISSN: 1542-4766, DOI: 10.1093/jeea/jvx040	Journal of the European Economic Association 16/5	2019-07-23
2017	Patrick J. Kehoe, Elena Pastorino Fiscal unions redux published pages: 741-776, ISSN: 0938-2259, DOI: 10.1007/s00199-016-1016-x	Economic Theory 64/4	2019-07-23
2016	Martial Dupaigne, Patrick FÃ¨ve Persistent government spending and fiscal multipliers: The investment-channel published pages: 425-453, ISSN: 0014-2921, DOI: 10.1016/j.euroecorev.2016.09.004	European Economic Review 89	2019-07-23

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