Economic Perspectives of Europe as Part of the Global Economy Based on Simulation Scenarios

01.09.2011 - 28.02.2013
Research funding project
The project studies the consequences for the Eurozone and its member states of the recent financial, economic and debt crisis and elaborates on the necessities and possibilities of adjustments in economic structures and policies by combining the following theoretical, empirical und technical instruments: (i) employing crisis-relevant elements of the theory of the formation and destruction of nation states and international unions in conjunction with the endogenous version of the optimum currency area theory; (ii) evaluating the macroeconomic and structural indicators which are supposed to reflect the competitiveness of nations with respect to the global division of labour, and analysing the experiences of historical monetary unions; (iii) designing simulation scenarios for the future development of the Eurozone with coherent options of medium to long term policy strategies.

People

Project leader

Sub project leader

Project personnel

Institute

Grant funds

  • Österreichische Nationalbank, Jubiläumsfonds (National) Jubilee Fund of the Austrian National Bank

Research focus

  • Mathematical Methods in Economics: 100%

Keywords

GermanEnglish
FinanzkriseFinancial Crisis
WirtschaftskriseEconomic Crisis
Zukunft der EurozoneFuture of the Eurozone
Optimale WährungzoneOptimal currency zone
Computergestützte SimulationComputational Simulation

Publications