This document offers strategic recommendations to the European Commission on how the Secure Societies Theme in Horizon 2020 should be developed to address the longer-term priorities and opportunities. In developing this strategic recommendation the SSAG has considered a wide range of factors...

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...