The aim of this new alliance is to carry out research projects on issues in the financial sector.
La Chaire en macroéconomie et prévisions at the École des sciences de la gestion (ESG UQAM) and the Autorité des marchés financiers have announced a strategic partnership worth $500,000 over five years, aimed at carrying out research projects focusing on current and emerging issues in the financial sector.
This new alliance between the Quebec regulator and the Chair, held by Department of Economics professors Alain Guay and Dalibor Stevanovic, will increase synergies between the cutting-edge research carried out by the Chair and the needs of the Autorité in the face of constantly evolving markets, to the benefit of the sector and consumers alike.
The projects funded by the partnership aim to provide solutions to four issues through the development of innovative tools, including a crisis simulation framework adapted to the reality of Quebec's financial sector; the study and analysis of the current financial stress index; tools for forecasting and analyzing macroeconomic crisis scenarios for decision-makers; and a crisis forecasting tool.
"By fostering the development of concrete tools that we will subsequently deploy within our activities, this partnership will strengthen the resilience of the financial sector in the face of potential crises and, ultimately, help maintain Quebecers' confidence in it," emphasizes Patrick Déry, Superintendent of Financial Institutions at the Autorité.
"I warmly thank the Autorité des marchés financiers for its support for the Chair and for training the next generation of economists. Thanks to this funding and the cutting-edge research carried out by our researchers, the Chair's work will make it possible to meet society's needs by equipping the AMF with effective measurement tools that will improve our knowledge, particularly in the field of macroeconomic forecasting," says Komlan Sedzro, Dean of ESG UQAM.
Source: Actualité UQAM