The Guide has been produced in order to equip and prepare SMEs to make better use of the results of collaborative R&D projects so that they can be of benefit to their businesses by having a tangible impact on profits, competitiveness and company growth. SMEs from previously identified 24 Best...

EU Member States are committed to the maintenance of a strong Defence Technological Industrial Base (DTIB) in Europe. At a meeting of the European Defence Agency (EDA) Steering Board in May 2007 Ministers declared that "a strong DTIB is a fundamental underpinning of the European Security and...

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...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...