ECORYS has been contracted through the framework contract on Evaluation and Evaluation-related services (BUDG N°06/PO/01/Lot N°3) of DG Budget of the European Commission to prepare a thematic evaluation on the assistance provided by the EC to Turkey through the Twinning instrument. The object...

This evaluation report covers CARDS assistance to the former Yugoslav Republic of Macedonia, with a special focus on the Economic Development, Local and Municipal Development and Justice and Home Affairs (JHA) sectors for the period 2000-2006. The interventions concerned the support to...

This report’s key objectives are to evaluate the contribution which the Phare programme has made to the legal alignment, implementation and enforcement of the Justice & Home Affairs acquis in the New Member States and in the two remaining Phare beneficiary candidate countries, Bulgaria and...

This report has been requested by the European Commission from the OMAS Consortium (OMAS). It is based on a detailed analysis of (Monitoring and Assessment) documentation produced by OMAS from 1996 to 2001, in particular, summaries from the Country Assessment Reviews (CARs) in relation to the...

The purpose of the evaluation is to provide a comprehensive and independent assessment of the European Union (EU)’s past and present cooperation in Ivory Coast, in order to draw key lessons and make recommendations for the future, including within the context of joint programming between the...

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 paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

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...