This paper reviews the key economic issues concerning the welfare costs of inflation and deflation, with a view to shedding light on the desirable properties of the inflation process. Our review of the evidence on the overall costs of inflation and deflation indicates that such costs could be...

This evaluation assesses the Commission of the European Union’s (EC) cooperation with Ecuador over the period 2003-2010. It aims at providing an overall independent assessment of the entire EC cooperation strategy and support in the country and to draw out key lessons to help improve current...

This evaluation assesses the European Commission’s (EC) cooperation with Honduras over the period 2002-2009. It aims at providing an overall independent assessment of the entire EC cooperation strategy and support in the country and to draw out key lessons to help improve current and future EC...