ABOUT CFI

CFI - the Chair of International Finance - is a research laboratory that promotes research in the area of international finance, open-economy macroeconomics and political economy.

Research at CFI focuses on the analysis of monetary and fiscal policies within models that represent the whole economy with several markets, such as goods markets, labor markets, financial markets and housing markets. These models - referred to as general equilibrium macroeconomic models - are fundamental to capture the interaction among different markets, the propagation of shocks, the effect of macroeconomic policies and their welfare implications. Such interactions are the reason why an unanticipated event in one market may trigger a crises in another market and affect the overall economy.

General equilibrium macroeconomic models are micro-founded in the sense that they are derived from the analysis of the behavior of individual agents, such as households and firms, so that they are completely consistent with the principles of microeconomics. Our general equilibrium macroeconomic models are typically complex and require numerical solutions.

News

1. Prof. Alessia Campolmi will be  visiting the Center for Fiscal Policy from April 12^th until April 16^th 2010.

2. Prof. Stefano Gnocchi will be  visiting the Center for Fiscal Policy from May 10^th until May 21^st 2010.