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A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...
Persistent link: https://www.econbiz.de/10009636531
In 2005 the current account deficit attained 7½% of GDP, its worst position of the last 25 years, and in 2006 it might reach 8½%. Traditionally, Spain’s trade deficit has been partially offset by surpluses in other external balances, particularly service trade, as a result of large net...
Persistent link: https://www.econbiz.de/10009641117
Persistent link: https://www.econbiz.de/10011624953
The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...
Persistent link: https://www.econbiz.de/10009636362
Persistent link: https://www.econbiz.de/10009636455
The objective of this evaluation is to assess the extent to which budget support has contributed to achieving its … in Health, Environment and Natural Resources, and Agriculture. The evaluation follows the OECD methodology for the … evaluation of budget support. …
Persistent link: https://www.econbiz.de/10011998841
The global objective of this study is to assess the actions and initiatives in the field of civil protection in the Caribbean, in order to promote, enhance and reinforce regional cooperation between European Overseas Countries and Territories (OCTs), Outermost Regions (ORs) and the countries...
Persistent link: https://www.econbiz.de/10011998848
The objective of this evaluation is to help the European Commission improve the impact of EIDHR support for torture … prevention and rehabilitation centres. The evaluation focuses on the projects’ relevance, effectiveness, efficiency, impact, and … sustainability and provides lessons and recommendations for their continued support. The evaluation covers rehabilitation centres …
Persistent link: https://www.econbiz.de/10011998849
Budget support is central to the international cooperation policy of the European Union. It provides a platform for policy dialogue with partner countries. It contributes to strengthening country systems and budget processes to deliver these policies. It offers additional fiscal space to...
Persistent link: https://www.econbiz.de/10012036333
This evaluation of the EU’s cooperation with the Eastern Africa, Southern Africa and the Indian Ocean region (EA … evaluation includes EU support through the EDF 10 and 11 Regional Indicative Programmes (RIPs) during 2008-2015, taking into …
Persistent link: https://www.econbiz.de/10012036339