Die Gemeinsame Agrarpolitik (GAP) der Europäischen Kommission steht vor einer Reform: Ein wichtiger Anlass für die neuerliche Reform ist die Debatte um den mehrjährigen Finanzrahmen für 2014 bis 2020, in der um die Verteilung der knappen Mittel in einer größer gewordenen und mit mehr...

This paper is a brief evaluation of the Eurosystem's monetary-policy regime after its first year, in particular of the extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the Eurosystem's goals, framework for monetary-policy...

The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...