5 December 2024

Kurt Mitman has obtained a project funded by the European Research Council (ERC) in the Consolidator Grant modality. The title of the project is "Housing, Inequality, and Price-Setting: Theory, Evidence, and Ramifications for the Macroeconomy". This research project will develop macroeconomic models that incorporate household and firm heterogeneity to analyze the impact of housing, inequality, and price-setting on macroeconomic fluctuations and the efficacy of policies. It will focus on how changes in monetary policy redistribute resources and on the price-setting behavior of firms, especially in a high-inflation environment.

The European Research Council (ERC) has awarded its 2024 Consolidator Grants to 328 researchers across Europe. These grants, totalling €678 million, aim to support outstanding scientists and scholars as they establish their independent research teams and develop their most promising scientific ideas. The funding is provided through the EU’s Horizon Europe programme.