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...

The purpose of the evaluation is to provide a comprehensive and independent assessment of the European Union (EU)’s past and present cooperation in Ivory Coast, in order to draw key lessons and make recommendations for the future, including within the context of joint programming between the...

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...