The main purpose of FINESS is to get a clear understanding of the implications of ongoing financial market integration in Europe on economic growth, employment and competitiveness, to identify likely future paths of the development and to draw policy relevant conclusions. More information available from the FINESS website
Co-financed by EU commission, 7th Framework Program
Cooperators: Pesaran, Holly (Cambridge, UK), Buch (Tuebingen), Wollmershäuser, Huelsewig (ifo Muenchen), Havrylchyk (CEPII, Paris), Vander Vennet (Ghent), Gáspár (ICEG, Budapest), Chobanov (IMS,Sofia)
The main aim of IAREG is to analyse the role played by intangible assets (IA) in the generation of innovation, competitiveness and consequently economic growth and increases in productivity at regional level with a special emphasis on the geographical space in which such processes occur. More information available from the IAREG website
Co-financed by EU commission, 7th Framework Program
Cooperators: Surinach (Barcelona), Paci (Cagliari), Iammarino (Sussex), McCann (Reading, Waikato), Autant-Bernard (St. Etienne), Revilla Diez (Hannover), Varga (Pécs), Audretsch, Boente (Max Planck, Jena), Parts (Tartu), Schienstock (Tampere), Bergmann (WU, Vienna)
The EFN was created to provide an econometric based analysis of the economic situation in the euro area and short-term forecasts of macroeconomic variables. Topics of particular relevance for the EMU are investigated and policy advice is provided.
Co-financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators (EFN): Marcellino (Bocconi, Milan), Fontagne (CEPII, Paris), Artis, Banerjee (EUI, Florence), Surinach, Ramos (Barcelona), Espasa (Madrid), Holly (Cambridge, UK), Rossi (Global Insight, Milan)
Cooperators (Euroframe): Barrell (NIESR, London), Suni (ETLA, Helsinki), Suyker (CPB, Den Haag), Scheide (IfW Kiel), FitzGerald (ESRI, Dublin),Mathieu (OFCE, Paris), Wozniak (Warzaw), Walterskirchen (WIFO, Vienna), Tomasini (Bologna)
Determinants of the wage-price setting process in the Euro area and their relevance for employment and unemployment. Examination of the adjustment processes of real wages and employment in response to structural shocks, linkages to labour market institutions (structure of wage bargaining process, employment protection legislation, etc). The final report is available here.
Financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators: Surinach, Ramos (Barcelona)
The main goal of the project is to determine reliable and robust econometric methods to examine the impacts of structural reforms in the products and labour markets on the macroeconomic performance in the EU, together with suggestions on their appropriate implementation and possible improvements of the institutional dataset. The final report is available here.
Financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators: Surinach, Ramos (Barcelona)
Price convergence in the enlarged internal market (ECFIN-E/2005/002)
Catching up of low income countries leads to a rise in price levels and higher inflation over a transition period. Higher competition exerts a downward pressure on prices by reducing mark ups. The study disentangles these two forces and assess their relative importance in the process of price convergence in the Internal Market. The final report is available here.
Financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators: Wozniak (Warzaw)
DG ECFIN applies a portfolio of different forecasting methods. The evaluation aims to improve the organisation and management of the activities, to develop a more strategic approach of forecasting within DG ECFIN, and to improve the communication of the forecast results
Financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators: De Biolley (ADE, Louvain-la-Neuve)
Evaluation of joint harmonised EU program on business and consumer surveys
DG ECFIN conducts regular harmonised surveys for different economic sectors, such as industry, services, retail trade, construction and consumers. These surveys allow comparisons among the business cycles of different countries and are timely available. The project investigates whether the indicators are suitable to forecast the contemporaneous economic evolution.
Financed by EU commission, Directorate-General Economic and Financial Affairs
Cooperators: Wilkinson (GHK, London)
Modern time series techniques of integration and cointegration are adapted and applied to panel data. As the cross section is taken into account, paneleconometric methods are more efficient than time series analyis. On the other hand, cross section correlation and cointegration can bias the outcome of panel unit roots and cointegration tests. Strategies to deal with these problems are proposed. Further information is available on the project's homepage.
Co-financed by German Science Foundation (DFG)
Cooperators: Breitung (Bonn), Hassler (Frankfurt/Main), Reimers (Wismar)
Macroeconometric model for the Big-4 European countries: Germany, UK, France and Italy. Model will be used by the German Ministry to forecast the economy and to simultate alternative economic policies.
Financed by the German Ministry of Finance
Cooperators: Lapré, Rutner, Igescu (Global Insight, Frankfurt/Main)
Empirical methods to detect speculative bubbles in the evolution of asset prices and development of early warning systems
Financed by the German Ministry of Finance
Construction and integration of models relying on CGE and DSGE principles to study structural reforms in the labour and product markets and liberalization of energy markets
Financed by Leibniz Association