Research team

Economics

Expertise

Applied micro- and macroeconomics for economic policy training and advice to public and private organisations.

Between micro and macro: exploring the Single Supervisory Mechanism at the crossroads of micro- and macro-prudential supervision. 13/09/2016 - 22/03/2018

Abstract

The new architecture for prudential supervision intends to bolster financial stability. A twofold legal structure was introduced: the micro dimension considers the supervision of individual credit institutions and is managed by the ECB (for significant banks); the macro dimension focusses on imbalances in the financial system and is handled at national level. However both dimensions are strongly interconnected. This research envisages a critical analysis elucidating the dynamic interplay between micro- and macro-prudential supervision to foster a coherent approach by authorities at both EU and national level. The research is conducted primarily from a legal perspective, but is embedded in the economic context and will build on economic realities.

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Short term capital flows and portfolio investment in the BRIC countries: how to cope with their potential risks? 01/06/2010 - 31/03/2011

Abstract

The majority of the existing studies concerning the determinants of capital flows focus on foreign direct investment, which is considered the most stable component of total capital flows and is generally associated with positive spillovers such as transmission of managerial skills and technology transfer to the recipient countries. On the other side, portfolio and short-term capital flows, while generating positive effects on consumption and investments, are also an important source of vulnerability and instability for the recipient economy. The associated overheating of the economy, large current account deficits, an overvalued currency and the decrease in the domestic interest rate make investments in the host economy less attractive in the eyes of international investors. Therefore, sudden stops and reversals (i.e. outflows) of short term capital inflows are likely to take place because (as opposed to FDI) they do not involve "disinvestment" costs and they can be easily reversed.

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Social dilemma games of strategic substitutes and complements: experiments and agent-based simulations. 01/10/2006 - 28/02/2007

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Inequalities in the health care sector: the role of income and the importance of a conceptual framework. 01/10/2005 - 31/12/2005

Abstract

The project consists on three parts: 1) A longitudinal analysis of the correlation between socio-economic status and health: dynamics and causality. 2) Econometric modelling of the determinants of the number of visits to various health care types. 3) A conceptual framework for the measurement of socio-economic inequalities in the health care sector: alternatives and decompositions.

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Capital mobility, financial vulnerability and the Central and East European Countries' transition to the EMU. 01/10/2003 - 31/12/2004

Abstract

This research proposal focuses into the monetary and financial risks for the Central and Eastern European Countries (CEEC) after accession to the EU. Indeed it is to be expected that soon after their accession the 8 CEECs will posit their candidature for EMU-membership. In this phase they will be especially vulnerable to capital inflow reversals and to currency crises. Thsis project will study: 1. The vulnerability of CEECs to currency crises. In this section wel stress the potential role of combined current account and government deficits (twin deficits) in increasing the vulnerability of CEECs to currency crises. 2. Capital movements and fiscal consolidation in accession countries. Our research objective is to estimate the sensitivity of fiscal consolidation to capital movements in accession countries.

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The evolution of revenues and expenditures in Belgium: 1960-1995 01/01/1999 - 31/12/2000

Abstract

The aim of this project is to tackle the factors that contribute to a better understanding of the changes in the tax and expenditure structure of Belgium. Attention will be paid to external and internal determinants (with special interest in political motivated interventions). Also some institutional issues and their repercussion on fiscal policy design such as the decentralisation process in Belgium and the 'Stability and Growth Pact' will be looked at. Once we found the relevant factors, we will try to discern the opportunities for the further convergence within EMU and how this fiscal integration could materialise.

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    Finance and Accounting curriculum devvelopement at the Dnepropetrovsk State University (DSU) in Ukraine 01/01/1998 - 31/12/1998

    Abstract

    The project aims at improeving the academic level and teaching process in the fields of accounting and finance at DSU through://..- Intensive training of academic staff (visiting fellowship at Faculty of applied economics UFSIA)//..- Upgrading of the library-collection and information-technology;//..- The production of syllabi to distribute to students (borrowing system);//..-The presentation of results on a workshop at DSU

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      The relation between service provision, local taxes, and efficiency of municipalities. 01/01/1996 - 31/12/1998

      Abstract

      Integration of service provision, taxation, and performance with coherent theoretical framework. Empirical analysis of simultaneous model for Flemish local governments.

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        The effects of taxes and other forms of contributions on the labor market in Belgium 01/09/1992 - 31/12/1995

        Abstract

        The aim of the project is to investigate how and to what extent taxes and other forms of employer and employees contribution affect the demand and supply of labour and wage formation in Belgium. We also consider the effect on employment.

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          The economic and financial basis of a big city. Fiscal alternatives and subsidy mechanisms 01/11/1990 - 31/10/1991

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