This report reveals that Central and Eastern European countries are using at least twice the energy used by the previous 15 EU member states for each unit of economic output. Along with six other non-governmental organisations, WWF, the global conservation organisation, has launched a report...

Dieses Grünbuch möchte als Katalysator wirken, um auf allen Ebenen der europäischen Gesellschaft – sei es auf EU-Gemeinschaftsebene, sei es auf einzelstaatlicher, regionaler oder kommunaler Ebene – auf eine erneuerte Energieeffizienz-Initiative hinzuwirken. ... Wettbewerbsfähigkeit und...

This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...

This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...

A two-country sticky-price model is used to analyse the interactions between fiscal and monetary policy. The role of an u0091activistu0092 fiscal policy as a stabilisation tool is considered and a measure of the welfare gains from international fiscal policy cooperation is derived. It is found...

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...

Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...