Currently we have divided our research into nine areas. New research topics will be added as our archive of working papers grows and we establish research interests between the CEM and other universities and research institutes. Under each linked topic are numerous working papers.
- Economic growth: Given that the U.S economic boom in the early 2000s was largely driven by knowledge-based industries and consumer and business services and the financial market, the role of education, human capital, knowledge, innovations and new financial practices will come into focus.
- Labor market: The major issues here are employment, unemployment and inequality; labor market flexibilities and employment; welfare state measures and employment; differences in immigration policies; pension fund systems; trade unions and wage bargaining process; and labor participation in companies.
- Monetary and fiscal issues: How will the monetary and fiscal policy coordination within Europe and between Europe and the U.S. work? Will the Euro be a successful currency vis-a-vis the dollar, being established as a stable currency, obtaining recognition as reserve currency? What will be the labor market, welfare state, and monetary and fiscal effects of the EU enlargements? Will the recent EU financial and sovereign debt crises lead to tension over Euro intergration?
- Financial markets: A comparative view is needed to study the relation of the stock market and economic activity, credit risk and credit markets, regulatory institutions to prevent financial instability, stock markets and participation of the public therein; differences in stock market volatility and returns, differences in bond markets and central banks' monetary policies.
- Industrial structure and industrial policy: Here the major issues are mergers, acquisitions, and industrial restructuring; company valuations and methods of takeovers; the IT and telecommunication markets in the U.S and EU; trade policies in the U.S. and EU; and regulatory policies in U.S., EU and other regions of the world.
- Environment and resources: The current public debate shows that the environment and management of natural resources is becoming more inportant, including resource conservation and energy policies in the U.S., Europe and Asia, and differences in their view on global warming, regulatory efforts, and instruments.
- International economics and international finance: the current debates on exchange rate systems, exchange rate volatility, currency crises, currency reserves and intenational financial architecture are relevant topics.
- Macrodynamics and macroeconometrics: here new dynamic macroeconomic methods and new macroeconometric tools to study macro topics are discussed.
- Technical papers: a selection of several technical papers that may be relevant for macroeconomic analysis.