Professor Florin Bilbiie
Macroeconomics, Monetary Theory, Financial Frictions
Dr. Caramp's research focuses on two related themes: financial frictions and monetary theory. The Great Recession uncovered the necessity of a better understanding of how developments in the financial sector can impact the real economy, and whether regulation can improve market outcomes. The crisis triggered questions related to the functioning of financial markets, the build-up of systemic risk and the optimal design of policy both before and after the economy is hit by shocks. Under these circumstances, there was a particular interest in understanding the monetary policy transmission mechanism, both in times of crisis and in normal times. His research aims to contribute to the understanding of these issues.
Nicholas Caramp website