The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...

In recent years the world’s two largest inflation-targeting central banks – the US Federal Reserve (the Fed) and the European Central Bank (ECB) – have revised their monetary policy frameworks in a more progressive direction. Whereas the Fed decided to abandon its strategy of pre-emptive...

We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries. Changes in world food and energy prices, together with...