Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...

In the context of its four-year work programme, Analysing and Anticipating Change to Support Socio-Economic Progress 2001-2004, the Foundation launched a project on 'European Knowledge Society (KS) foresights for living conditions, working conditions and industrial relations'. The purpose of...

This report provides results on the advancement indicators of the knowledge-based society for EU countries, enhanced where possible by data from the EU acceding and candidate countries, the US and Japan. It is based on available statistical information and can be used as a starting point in the...

"The purpose of this six-month study was to provide the Commission with a description of the different provisions, which exist within the aforementioned States, to implement Chapter III of the TWF Directive. This description covers both the implementation of these provisions, and also other...