Climate change, the depletion of natural resources, globalization,migration: these mega-trends of global change are already deeply impactingour lives. Yet politicians have responded with short-sighted agendasin inverse proportion to the existential importance of the problems. A...

European Union research is often perceived as mainly technology-driven. However, the EU FrameworkProgrammes also have a long tradition of socio-economic energy research. This activity plays a key rolein supporting policy-making with scientific results. Indicators, harmonisation of data,...

This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR model consisting of four variables taking into account data revisions for GDP. First, the paper develops an analytical method to analyze the effect of data revision errors in GDP on the ex ante or...

[...]In this article, we pursue a transaction-oriented line ofresearch to help track short-term exchange rate movements. Byexamining a publicly available data set well known to currencymarket analysts—net positions held by speculators in thefutures market—we are able to document a strong...

Few areas in economics are as controversial as economic forecasting. While the field has sparked great hopes for the prediction of economic trends and events throughout the 20th and 21st centuries, economic forecasts have often proved inaccurate or unreliable, thus provoking severe criticism in...

This article does not address specific capital proposalsnor does it suggest specific new requirements. Theframework it provides, however, has implications for possiblefuture refinements in the supervisory approach to capitalrequirements.[...]