Research contract in Agent Based Macroeconomic Modelling

Research Contract in Agent Based Macroeconomics within the FP7 project on Monetary. Fiscal and Structural Policies with Heterogeneous Agents (POLHIA)

DEADLINE: November, 30 2009

Applications are invited for a Research Contract in Agent Based Macroeconomics, tenable from January 1st 2010 for one year, renewable once, based in the Faculty of Economics at Catholic University in Milan.

The Research Contract is funded by the European Commission under the FP7 project Monetary, Fiscal and Structural Policies with Heterogeneous Agents (POLHIA), led by Professor Domenico Delli Gatti and will involve research on how the financial conditions of heterogeneous interacting firms, households and intermediaries affect the performance of the macro-economy.

In order to answer this research question the researcher we are looking for should collaborate to the development of an Agent Based macro-dynamic model starting from the assumption that agents are characterized by different degrees of financial fragility (e.g. leverage). The model should then be brought to the data for empirical validation and calibration. Finally it must be used for policy experiments such as the role of monetary/fiscal/structural policies in accelerating or preventing the spreading of financial distress across the population of heterogeneous agents. Our final goal consists in providing a new toolkit to deal with urgent policy issues, namely the “exit strategy” from the current global financial crisis and the monitoring and management of systemic risk to prevent similar events in the future.