This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...

The overall objective of the present study is to improve the quality the EC and other donors’ media support by providing an analyses of the EC ́s assistance so far and recommendations on future strategies and modalities. This present report focuses on the activities so far, while a separate...

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...