is quite difficult to make empirically. It is often hard to figure out what the exchange rate regime of a country is in … practice, since there are multiple conflicting regime classifications. More importantly, similar countries choose radically …This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange …

-makers, since it leads to an unequal transmission of the ECB’s monetary policy to the various countries. … tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a …

self-enforcement (namely, the absence of incentives to free ride) of the coalition that would form when countries negotiate … which international technological spillovers are also quantified. The results of our analysis partly support Barrett’s and … Benedick’s conjecture. On the one hand, a self-enforcing agreement is more likely to emerge when countries cooperate on …

macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

Using a panel of 21 OECD countries and 40 years of annual data, we find that countries with similar government budget … similar ratios of government surplus/deficit to GDP) is systematically associated with more synchronized business cycles. We … indirectly moved Europe closer to an optimum currency area, by reducing countries' abilities to create idiosyncratic fiscal …

How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a … industry or not. Our model identifies key policy parameters from data generated under different competition policy regimes and …

Many international treaties come into force only after a minimum number of countries have signed and ratified the … international treaty? This question is particularly relevant in the case of environmental treaties dealing with global commons … treaty. Why do countries agree to introduce a minimum participation constraint among the rules characterizing an …

Parties has important implications for both the effectiveness and the efficiency of future climate policies. Among these … implications, those related with technical change and with the functioning of the international market for carbon emissions are … countries in the short and in the long run. This Paper analyses the consequences of the US decision to withdraw from the Kyoto …

free-riding incentives is a policy mix in which global emission trading is coupled with a transfer mechanism designed to … the incentives for more countries – particularly big emitters – to accept an emission reduction scheme defined within an … international climate agreement. This Paper shows that this conjecture is only partly supported by the empirical evidence that can …