Sustainable Growth and Financial Markets

Oesterreichische Nationalbank (Jubiläumsfonds)

The aim of the research is to construct a novel macroeconomic model which incorporates the endogenous dynamics of the creation, valuation and distribution of financial assets and their repercussions on the real economy. We calibrate the model to recent economic developments in the Eurozone, use it to assess the sustainability of this current growth path and evaluate policy options to stimulate sustainable growth.