This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We find that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the...

A comprehensive overview of the evolution of the regional division used by Eurostat for regional statistics, the NUTS (Nomenclature of territorial units for statistics).

Louis de Poortere is a Belgian textiles company established in the 1920s, specialising in the manufacture of high-quality carpets for the international market. For many years, it was among the largest employers in the Belgian textiles sector, with approximately 3,000 employees in the 1970s....