ADEMU_Project

economics finance economy fiscal union sovereign debt fiscal policy emu policy eurozone europe income inequality fiscal rules sovereign default fiscal consolidation euro area monetary union sovereign risk tax macroeconomics automation job mobility government debt fiscal councils debt crisis monetary systems recession #economics spillovers central stabilization eu fiscal volatility public debt fiscal multipliers default risk debt maturity management debt restructuring fiscal information bank distress macroprudential regulation european stability fund unemployment insurance european union european debt crisis top income optimal tax rates heterogeneous households market and political interactions rbc soe hiring credits financial crisis nobel ademu lecture federal governments european banking union stabilization policies fiscal delegation fiscal politics global liquidity trade liberalisation trade surplus current account dynamics long term unemployment narrow banking austerity tax distribution microeconomics payment systems currency-less monetary systems federaldebt publicdebt #stabilityandgrowthpact #euroearea #eafs #monetarypolicy #recession #credit #h2020 #unemployment business strategy competition trade communications research financial crisis economic development law sustainability