Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

This study provides an overview of the most important economic and trade policy impacts of high oil prices in the European Union. The potential reasons for recent oil price increases are briefly discussed, followed by a review of the macroeconomic effects of higher oil prices, namely on growth,...

Graph of the month Oil price and exchange rate of the Russian rouble, 2008-2014 (p. 1) Opinion corner Is Jean-Claude Juncker's EUR 315 billion European investment plan the proper answer to the EU's anaemic economic performance? (by Sándor Richter, Roman Römisch and Roman Stöllinger; pp. 2-4)...