CORDIS Project
Funding breakdown and partner intelligence are Premium
Sign in and upgrade to Premium for EU contribution totals, consortium analytics, OpenAlex research context, and AI summaries. · 0 consortium intelligence fields visible of 1
Start free • Cancel anytime • 14-day refund guarantee
This project aims to enhance macroeconomic models by incorporating realistic expectations formation among agents, addressing why developed economies face rare but severe crises. It will develop a theory that links asset price fluctuations to individual investment behaviors.
One of the key developments in macroeconomics research over the last three decades has been the incorporation of explicit heterogeneity into models of the macroeconomy.
But one of the all-time biggest questions in macroeconomics has so far been out of reach for this approach: why do developed economies experience infrequent but large economic crises?
This is due to a problematic feature of current heterogeneous agent (HA) models: the assumption of rational expectations means that agents forecast…
Partner organizations (coordinator is shown above), with normalized type and CORDIS activity type. Guests see up to 4 partners.
Similar projects, consortium collaboration history, frequent partners, and OpenAlex research context.
Guests see up to 5 EuroSciVoc fields.
Guests see up to 5 topics.
Guests see up to 5 keywords.
