This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

Transport contributes to several environmental problems such as climate change, air emissions and noise and is at the same time favoured by significant subsidies. An EEA report identifies European transport subsidies worth at least EUR 270 to 290 billion a year. Road transport receives EUR 125...

The Commission wishes to provide further advice and support to Member States on how best to access and use EU funding mechanism for financing the management of the Natura 2000 network. The next phase in our awareness raising strategy is to link the use of the Guidance Handbook on financing...

Dieses Handbuch soll dabei helfen, die Kenntnis und den Einsatz von EU-Fonds für die Finanzierung von Natura 2000-Maßnahmen zu verbessern. Damit wird ein Beitrag zur Umsetzung von Natura 2000 und letzlich zum Schutz der Biodiversität in Europa geleistet.