This evaluation assesses the relevance, efficiency, effectiveness, impact and sustainability of the European Commission’s support to its partner countries in the energy sector. It covers interventions designed or implemented during the 1996-2007 period in all the external cooperation partner...

Climate change will have an effect on the European Union. The repercussions will be regionally varied, with impacts on several sectors in the economy. Climate change has the particularity of being global with respect to the sources of emissions and local in the consequences (whether positive or...

The fall in energy prices has opened a window of opportunity for governments in both developed and developing countries to reform subsidy schemes for fossil fuels, which worldwide cost an estimated USD 1.9 trillion a year. Careful reforms would not only strengthen public finances but reduce...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...