The accession of ten new countries to the European Union on 1 May 2004 represents a further milestone on the way to the economic and political integration of all countries in Europe. With their entry into the EU the new member states from Central and Eastern Europe have officially concluded...

Turkeyu0092s fulfilment of the EUu0092s first set of political criteria qualifies the country to start negotiations. But EU membership is much more demanding than most of Turkeyu0092s political and business elite realise. They hope that they can bargain away many of the onerous requirements for...

This report presents the findings of the 2011 Regional Level Evaluation of the Commission of the European Union’s co-operation with the Caribbean Region. The evaluation was carried out to provide meaningful feedback to the Commission and the European External Action Service (EEAS), but also to...

This review of regional integration in African, Caribbean and Pacific (ACP) countries takes a broad view of regional integration and includes various aspects of regional trade integration such as tariff reduction and covers behind the border dimensions of regional trade integration such as...

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...

This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...

This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...