Fornaro Lab

Research focus

ERC Consolidator Grant · 2024

Macroeconomic Policies for Productivity Growth

Rapid advances in artificial intelligence and renewable energy technologies may boost productivity growth over the coming years, but also cause a disruptive reallocation of economic activity among workers, firms, sectors and countries. How should monetary and fiscal policies be designed to ensure that these new technologies deliver productivity improvements and widespread welfare gains? In this proposal, I will address this fundamental question by developing a Keynesian growth framework – i.e. a unified theory of business cycles and growth – in which macroeconomic policies traditionally associated with aggregate demand management, such as monetary and cyclical fiscal policies, affect firms’…

From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.