This paper sets out a methodology for constructing fan charts for the government deficit and debt ratios over the medium-term. It relies on information contained in Stability/Convergence Programme Updates, a model of the relevant stochastic process (for example, the real GDP process) or...

"During the chaos of the eurozone crisis, few mainstream commentators have stopped to question the purpose of the European Union itself, and whose interests it serves. Corporate Europe goes beyond the divisions between nation-states, focusing instead on the division between the corporate elite...

Applying a t-DCC-GARCH model to daily spread data, four phases of interaction in euro area sovereign bond markets are identified between January 2008 and June 2013. The initial period (January-October 2008) is followed by a general rise in pairwise correlation values between November 2008 and...