This paper analyzes the efficiency of risk-taking decisions in an economy that is prone to systemic risk, captured by financial amplification effects that occur in response to strong adverse shocks. It shows that decentralized agents who have unconstrained access to a complete set of Arrow...

We show how in a Blanchard-Yaari, overlapping generations framework, perfect substitutability of government bonds in Monetary Union tempts governments to exploit the enlarged common pool of savings. In Nash equilibrium all governments increase their bond financed transfers to current generations...

This report reviews relevant knowledge and identifies issues for consideration in implementing the European Environment Agencyu0092s new mission to facilitate the dissemination of policy-relevant environmental scientific research. It begins by examining and analysing literature relating to...

This report is a broad assessment of soil conditions in the pan-European region. It describes the degradation of soil, its relevance in the European and global contexts, and the links between soil and sustainable development. The report is mainly addressed to policy makers and the general public.

This report presents an inventory of existing scenarios studies relevant for Europe in the context of sustainable development, including European and global models. It also provides a useful review of a selected number of scenarios and pinpoints their strengths and weaknesses.

The use of environmental taxes in Europe is widening and more tax bases are being used. The EEA reports on developments in the use and impact of environmental taxes and on progress made with ecological tax reform.

The use of environmental taxes in Europe is widening and more tax bases are being used. The EEA reports on developments in the use and impact of environmental taxes and on progress made with ecological tax reform.

This is the summary of a draft report of which publication is expected later this year.

The immediate objective of the report is to provide an overview on waste factors, their derivation and application and the experiences made, based on reports and literature available. This report has been prepared by the European Topic Centre on Waste (ETC/W) as part of the work programme of the...