Research Centre of Monetary and Information Economics, Leuven
The Monetary and Information Economics Research Group at KULeuven specializes in research on the topics of the role of granularity to understand macroeconomic dynamics and transmission of shocks in the economy, such as exchange rate shocks.
Transmission involves both the impact of real shocks, monetary shocks and disclosure of new information. It is investigated both from an empirical angle (pass –through of cost shocks into prices, total factor productivity shocks, …) and a theoretical one (bounded rationality for less salient information, level k reasoning, consideration sets, entropy constraints).
Granularity is studied in all its underlying dimensions: market structure (skewed tail distribution of firms, power laws, hub and spoke configurations, …), input output linkages (networks), a.s.o.
The unique blend of combining transmission with granularity as well as the complementary research skills of the full professors in this group create a potentially promising research agenda both from an academic as from a public policy pint of view.
Each of the full professors moreover is in the lead of affiliated research centers, resp. VIVES and LICOS where regional-industrial links and transition economics are at the core of the set up. Both professors obtained in the past research funding as a center of excellence, and are the holders of the prestigious Methusalem research grant of KULeuven.