This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We find that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the...

Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the employment rate and accelerate the catch-up to the per capita income levels of more advanced OECD countries. Short-term outcomes may be demanding socially and politically, but...

L’Union européenne (UE) a commandité au bureau d’études ADE une évaluation indépendante de sa coopération avec la République Togolaise durant la période 2007-2013. L’objectif principal est de renseigner l’UE sur les résultats de son engagement au Togo et sur les leçons à tirer...

Ce rapport présente les résultats de l‟évaluation de la stratégie de coopération de la Commission Européenne avec la Tunisie entre 1995 et 2008. Les objectifs sont, d‟une part, de fournir aux services de la CE ainsi qu‟aux partenaires concernés une appréciation globale et...

This report covers the evaluation of the cooperation strategy of the EC with the Federal Republic of Nigeria and its implementation in relation to the Country Strategies and National Indicative Programmes of the 7th and 9th European Development Funds(EDF) as well as to contributions from...

This evaluation assesses the European Commission’s (EC) cooperation with Ukraine over the period 2002-2009. It aims at providing an overall independent assessment of the entire EC cooperation strategy and support for the country and to provide key lessons for improving current and future EC...

The overall purpose of this evaluation is to ensure accountability for the use of allocated resources as well as to promote a lesson-learning culture in European Commission (EC) development cooperation. The main specific objectives of the evaluation were: •to provide the relevant external...

This report provides an account of the activities of the Support Group for Ukraine in the course of its first eighteen months of full operation (from approximately September 2014 to the first half of this year). The Support Group was created in Spring 2014 on the initiative of the President of...

The paper examines the determinants of location choices of French multinational firms in eastern and western Europe. The sample includes 1,843 location choices in 19 countries over the years 1980-1999. The results suggest there might be important differences between the two regions of Europe...