The state as economic agent, regulator, developer has gained increasing attention during the last decade. The process was further accelerated during the financial and economic crisis of 2007-9. Reforms of the welfare state, direct state intervention in the form of nationalizations and other...

Topics of the 2011 meeting include: 1) Public debt and the process of fiscal rebalancing: - Sustainability considerations of public debt - Debt consolidation in times of recessions 2) Fiscal Policy in a Globalized World - Relation of fiscal debt and external debt - The role of foreign currency...

Topics: 1) Sources of financial frictions: - Sources of liquidity - Reasons of market incompleteness and dysfunctions - Role of banks 2) Financial frictions in macromodels - Financial sector and real economy - Sources and consequences of financial crises - ‘Sudden stops’, financial contagion...

The professional objectives of organizing this meeting are similar to those of the previous symposia: to provide a forum for an international exchange of ideas on various aspects of inventories. Papers on macro- and microeconomics, econometrics, economic policy, business, management and...

Dynamic stochastic general equilibrium models (DSGE) command wide support among macroeconomists as a modeling methodology. In addition, they are widely used by policy institutions for both policy assessments and forecasting exercises. Nevertheless, there is much less agreement about the details...