The main objectives of this synthesis of the geographical evaluations managed during the period 1998-2006 by the Joint Evaluation Unit (JEU) and the Delegations of the European Union in partner countries were as follows: i.to show the evolution of the Commission’s methodological approach to...

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...