Fellowship & Grant details

Fellowship posted by Italian Ministry of Education, University and Research (06/03/2014 03.16)

Financial crisis, global imbalances and monetary policy rules

Please note that the job is no longer active!

The project analyzes the mechanisms behind the persistent current account imbalances, and the role of economic policy in correcting them. The international division of labor following the international fragmentation of productive processes asks for a re-thinking of the notion of balance of payments equilibrium in different countries. We will work on new definitions of trade patterns and trade balances, and on the new mechanisms of transmission of the business cycle across countries. Persistent trade imbalances give rise to large international capital flows between countries, fuelled by gaps in long and short-term interest rates. This gap played a crucial role in causing global financial imbalances and in spurring financial fragility leading to the crisis. We want to analyse the role of coordinated monetary policy in closing this gap.

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Research Fields


Selection process

In order to participate in the selection, please read the notice of selection (“bando”) available at the following website:

Programme Description
Eligible destination country/ies for fellowsAlbania, Andorra, Austria, Belarus, Belgium, Bosnia-Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, FYRoMacedonia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, MOLDOVA, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, United States, Vatican City
Eligibility of fellows: country/ies of residenceAll
Eligibility of fellows: nationality/iesAll
Website of Fellowship Programme
Fellowship's Details
Career StageEarly stage researcher or 0-4 yrs (Post graduate)
Research ProfilesNot defined
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Application deadline


Other fellowship details


Funding organisation / Contacts
Politecnico di Milano – Dipartimento di Ingegneria Gestionale

Public research
Milano - Italy