The EEA and its Topic Centre on Resource and Waste Management has carried out a survey of municipal waste policies and trends across the EU-25, and has consolidated the results into one easily-referenced source: a set of 25 country factsheets, freely available at http://waste.eionet....

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...