This paper studies the informational content of the slope of the yield curve as a predictor of recessions in the euro area. In particular, the historical predictive power of ten yield spreads, for different segments of the yield curve, is tested using a probit model. The yield spread between the...

The Annual Activity Report is a management report of the Director-General of DG HOME to the College of Commissioners. Annual Activity Reports are the main instrument of management accountability within the Commission and constitutes the basis on which the College takes political responsibility...

The Annual Activity Report is a management report of the Director-General of DG HOME to the College of Commissioners. It is the main instrument of management accountability within the Commission and constitutes the basis on which the Commission takes its responsibility for the management of...

This report gives an overview of the activities undertaken by the European Commission's Director-General for Migration and Home Affairs (DG HOME) in 2014. We report on the main policy challenges faced in 2014, the responses developed by DG HOME to those challenges and the resources used. In...

The Annual Activity Report is a management report of the Director-General of DG Home Affairs to the College of Commissioners. It is the main instrument of management accountability within the Commission and constitutes the basis on which the Commission takes its responsibility for the management...