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 provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

We analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. To allow for comparability with previous results on euro area countries and the US, we use a standard structural VAR framework, and...

In 2008, the SOC Bureau decided to set out a relatively comprehensive strategy for the work of the SOC Section during the 2008-2010 mandate. The purpose of this strategy was to a) structure the work of the Section in order to make it more forceful and find priorities for actions and...

This report evaluates impact criteria of projects from FAIR Area 5 (Fisheries and aquaculture) and from FAIR Area 3 (Generic science and advanced technologies for nutritious foods) pertaining to fisheries and aquaculture. Since impact measurements are ambiguous and no proper protocol had been...

Research proposals of direct interest for DG Fish in the 5th Framework Programme (FP5) concern three key actions (KA) of the thematic programme "Quality of Life" (QoL): KA 1 (Food, nutrition and health), KA 2 (Control of infectious diseases)and KA 5 (Sustainable agriculture, fisheries and...

This briefing analyses the reasons for the review of the European Commission’s Country Strategy Paper 2007-13 (CSP) and the National Indicative Programme (NIP) for Ukraine and the substance and impact of changes. The changes are evaluated against the background of the political, economic and...

In this paper we assess the importance given in capital markets to the credibility of the European fiscal framework. We evaluate to which extent relevant fiscal policy events taking place in the course of 2002 produced a reaction in the long-term bond segment of the capital markets. Firstly, we...