The Treaty of Accession consists of several parts. The overarching document is the short Treaty concerning the accession of the Republic of Bulgaria and Romania to the European Union. Attached to the Treaty is the Act of Accession and its Annexes. This act enters into force only in the event...

This EEA report constitutes the main part of the European Community's submission of its initial report to the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC). The report establishes the assigned amount for the European Community (EU-15), and demonstrates its...

This EEA report constitutes the main part of the European Community's submission of its initial report to the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC). The report establishes the assigned amount for the European Community (EU-15), and demonstrates its...

The depletion of the ozone layer by man-made chemicals was discovered in the mid-1970s. It was once described by the Nobel prize-winning scientist Paul Crutzen as u0093the worst disaster to hit the global environmentu0094. The international response embodied in the Montreal Protocol has been...

The Practice Guide intends to give an overview of the relevant current legal provisions (including case law) on matters of private international law and posting in the area of employment contracts to assist practitioners . This Guide is not intended to be legally authoritative, nor does it...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

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...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...