Special-Session on Multi-Agent Macroeconomics at DCAI 2014

Edgardo Bucciarelli and Gianfranco Giulioni from the  University of Chieti-Pescara (Italy) are organizing a special session on Multi-Agent Macroeconomics at the 11th International Symposium on Distributed Computing and Artificial Intelligence that will take place in Salamanca in June 2014. More information is available here http://dcai.usal.es/special-sessions/ss2-mam

International Reform of the SDR and Domestic Monetary Policy

I would like to inform the group of the work of Jane D’Arista who is particularly experienced at finanical institutional design


This first paper argues that the link between excess liquidity, the buildup in debt, the asset bubbles that debt created and the financial crisis that followed are outcomes of monetary as well as regulatory policy failures; that they reflect a substantial weakening in the Fed’s ability toimplement countercyclical initiatives. It argues that the effectiveness of monetary policy can – and must – be restored and proposes a new system of reserve management that assesses reserves against assets rather than deposits and applies reserve requirements to all segments of the financial sector.

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