How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the randomly fluctuating state of the economy. The monetary authority has private information about that state. In the...

The analysis of the macroeconomic impact of fiscal policies in the euro area has been traditionally limited by the absence of quarterly fiscal data. To overcome this problem, we provide two new databases in this paper. Firstly, we construct a quarterly database of euro area fiscal variables for...

This paper studies welfare consequences of a soft borrowing constraint on sovereign debt which is modeled as a proportional fine per unit of debt exceeding some reference value. Debt is the result of myopic fiscal policy where the government is assumed to have a smaller discount factor than the...

This Synthesis Report presents the main findings of the 2017 EMN Study Approaches to Unaccompanied Minors Following Status Determination in the EU plus Norway. The study covers the period 2014-2017, thereby following up on previous EMN research on unaccompanied minors. It may serve to inform...

The overall aim of the Study is to inform the EMN’s target audiences (e.g. practitioners, policy officers and decision-makers at both EU and national level including academic researchers and the general public) on Member states’ approaches to unaccompanied minors following a final decision...

This report represents Sweden’s national contribution to the 2017 EMN focussed study “National Approaches to Unaccompanied Minors Following Status Determination”. The study examines the Swedish framework and policies for unaccompanied minors following a final decision on their application...