ERC supports consumer spending study
A researcher at the London Business School has been awarded a grant of nearly €1m to investigate the impact that uncertainty around taxes and inflation has on consumer spending.
Paolo Surico, associate professor of economics, secured funding worth €957,089 from the European Research Council’s Consolidator Grant scheme. The money will support a three-year research project entitled ‘Uncertainty, risk and inequality: The role of macroeconomic policies and institutions’.
Surico’s research will study how the formation of households can reduce consumption inequality across and within generations, as well as how competition in the mortgage market has changed the transmission of monetary policy.
Commenting, the academic said: “I am humbled by this further outside recognition of my work and look forward to beginning to study this new very exciting research area.”
Surico has previously secured an ERC Starting Grant.
