The paper concludes that accession to the Economic and Monetary Union (EMU) is firmly in the interest of the central and eastern European countries. However, from the perspective of incumbent EMU membersu0092 interests, one cannot avoid the conclusion that the arguments are more finely balanced....

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...

This study examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca du0092Italia in early 2003 on a sample of around 350 firms belonging to all economic sectors. Prices are mostly fixed following standard mark-up rules, although...

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Italy.