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 develops a framework that integrates nominal rigidities with market incompleteness to better understand business cycles. It focuses on how micro-level uncertainties and borrowing constraints affect consumption and labor supply, using detailed data on job and worker flows in Germany to analyze income risk a…
Not least the Great Recession shows that micro-level uncertainty and borrowing constraints have first-order macroeconomic consequences and how their fluctuations influence business cycles.
To understand many aspects of business-cycles, a vast literature highlights nominal rigidities to be pivotal.
Nevertheless, almost all macroeconomic models abstract from these rigidities for tractability when introducing heterogeneous agents, uncertainty, and borrowing constraints.
Vice versa, the nominal-rigi…
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.
