RAstaNEWS is a loose acronym standing for Macro-Risk Assessment and Stabilization Policies with New Early Warning Systems. We are a consortium of 12 universities and think tanks from 8 EU countries, joining together due to their common interest and expertise in economic and monetary aspects.
The project, which launched in February 2013, is the EU's main 3-year enterprise to study the macroeconomic aspects of the Union and the Eurozone, and will be funded under the EU Commission's FP7 framework. You can find more information at our website.
RAstaNEWS partners share the belief that the EU is currently experiencing an unprecedented crisis, both at the economic and political level. On the economic side, what we have come to realize during the past few years is that state-of-the-art macroeconomic models failed to predict the depth of the crisis and are in urgent need of reform. These reforms will inevitably have a decisive impact on the economic governance institutions of the EU as a whole, and Eurozone's in particular.
In the next three years, our network aims to deliver groundbreaking scientific research, coupled with policy recommendations to be targeted at EU and national policymakers.

Prof. Patrizio Tirelli

Project Coordinator
Professor of Economics at the University of Milano Bicocca

Dr. Antonio Villafranca

Dissemination Coordinator
Senior Research Fellow at the Institute for International Political Studies (ISPI)

Claudio Morana, Richard Baillie, Christian Conrad and Menelaos Karanasos at
the kick-off meeting at Palazzo Clerici, Milan, March 2013

RAstaNEWS focuses on research about the future of macro-economic and monetary integration in Europe. The project intends to enhance knowledge base, at both theoretical and an applied level, on many aspects of the future of macro-economic and monetary integration in Europe thus paving the way to a revised governance of the EMU, and the EU as a whole, in the wake of the debt crisis. To facilitate the timely identification of macro risks, the project proposes a new system of early warning indicators, to be implemented within the EMU surveillance mechanism.

The scientific objective of the project is to provide guidance to policy-makers and suggest a new economic governance of the EU based on research results and a revision of the underlying macroeconomic model that policymakers and central bankers rely on in order to support macroeconomic policy. Professor Conrad contributes to work package 5: Early warning indicators within the EMU surveillance mechanism. A macro-finance approach.



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Letzte Änderung: 17.10.2013
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