This Monitoring report on the implementation of FP6 during the year 2006 represents a unique endeavour, as it is bridging from the traditional approach to monitoring in FP6 (and previous Framework Programmes) to the new requirements for monitoring in FP7.

This first FP7 Monitoring Report covers the year 2007 and is the first one based on a completely new approach: While in FP6 and previous Framework Programmes monitoring had been implemented through annual panels of independent experts which selected specific areas of FP implementation and...

This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...

This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...

This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...

A two-country sticky-price model is used to analyse the interactions between fiscal and monetary policy. The role of an u0091activistu0092 fiscal policy as a stabilisation tool is considered and a measure of the welfare gains from international fiscal policy cooperation is derived. It is found...