This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...

We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are u0093opportunityu0094 indicators that take into account administrative, education and health outcomes...

Dieser Text bietet einen historischen und gegenwärtigen Überblick über die EU-Erweiterung.

Regarding research funding in general, the study finds that lessons learned from FP6 have been only partially reflected in the structure of FP7, but considers the new framework as potentially more conducive to SME involvement. The share of research funding allocated to energy has declined from...