This paper analyses the response of the euro yield curve to macroeconomic and monetary policy announcements. We present a new methodology for estimating the reaction of the euro swap curve to economic news in a data-rich environment. Given the sharp degree of interdependence between euro and US...

With population ageing, fiscal consolidation has become of paramount importance for euro area countries. Consolidation can be pursued in various ways, with different effects on potential growth, which itself will be dragged down by ageing. A dynamic general equilibrium model with overlapping...

Surprisingly, available elite studies on the EMU have mainly focused on the strategy of political elites in favor of uniting (Fligstein & Mara-Drita 1996 ; Jabko 2006), and Fligstein (2008) recently claimed there is still no real transnational business cohesive circle in Europe. This echoes a...

This paper assesses the impact of a free means-tested complementary health insurance on doctor visits. In order to tackle the endogeneity issue of the complementary health insurance variable, we use information on the selection rule to qualify for the free plan and adopt a regression...