This paper develops tools to examine selected major issues in the Indian economy. The study computes the potential growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and estimates the short and long run elasticities of India's...

This paper explores the EU recovery strategy with a specific focus on its potentially transformative aspects vis-à-vis European integration and on its implications for the social dimension of the EU’s socio-economic governance. It aims, in particular, to provide a reflection on whether the...

This paper studies whether policymakers should wait to intervene until a financial crisis strikes or rather act in a preemptive manner. This question is examined in a relatively simple dynamic stochastic general equilibrium model in which crises are endogenous events induced by the presence of...