This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...

On several occasions during the period 2001-2003, the European Central Bank (ECB) decided to deviate from its "neutral" benchmark allotment rule, with the effect of not alleviating a temporary liquidity shortage in the banking system. This is remarkable because it implied the possibility of...

This brochure in the EU action on climate change series provides an overview of the many ways in which the EU is assisting developing countries in adapting to the negative effects of climate change and mitigating its causes, with a special focus on cooperation with developing countries in Asia.

The “Evaluation of the European Union's regional co-operation with Asia − Regional Level Evaluation” was commissioned by the DG DEVCO Evaluation Unit and was implemented between January 2013 and November 2013. Covering the period 2007-2012, the evaluation’s objectives were: To provide...

The present report provides an overview and discussion on the overall implementation of the Facility from April 2013 to December 2016. It covers the overall and quantified results of SOCIEUX, but also includes detailed information on actions completed in each country. Tables calculations have...

The aim of this paper is to identify the key challenges in relation to youth employment in developing countries and provide recommendations on how EU development cooperation could support the youth employment agenda. It starts with a general discussion of the main reasons why youth employment...