Climate change will have an effect on the European Union. The repercussions will be regionally varied, with impacts on several sectors in the economy. Climate change has the particularity of being global with respect to the sources of emissions and local in the consequences (whether positive or...

Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...

This report provides an overview of the development of the negotiations within the UNFCCC since COP 17 in Durban. It summarises the key developments in 2011 and provides short overviews for all negotiation areas. The overview also includes a state of play of the Cancún Agreement and explains...