Prediction markets are specific financial markets designed to produce forecasts of future events, such as political election outcomes or economic policy decisions. Empirical studies have exhibited over the years the significant accuracy of these anticipations, which tends to give credit to the...

The main purpose of this paper is to preview the other contributions to this volume of the EIB Papers. In this context, it offers a few additional perspectives. One highlights why energy issues have re-emerged as a matter of policy interest. Another concerns the difference between the...

We set out to decompose government investment, seeking especially to estimate how much governments in Europe invest in infrastructure in general and transport infrastructure in particular. It is concluded that infrastructure accounts for about one-third of overall government investment in the EU...

See also comment 'Investment and growth in the time of climate change' Climate scientists mostly agree that, if current trends continue, global greenhouse-gas emissions are very likely to result in dangerous interference by mankind in the earthâ??s climate. Against this background, the world...

Recognising that environmental and technology externalities affect the development of renewable energy technologies, this paper illustrates how environmental policies induce technological change and how market failures that hinder technological progress weaken the impact of environmental...

Several factor-based models are estimated to investigate the role of country-specific trade and survey data in forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the choice of the dataset chosen to estimate the factors. Four datasets are built...

Chapter 1 provides an overview and assessment of the price competitiveness and export performance of the euro area and the larger euro area countries, as well as an evaluation of how standard equations have been able to explain actual export developments. Chapter 2 carries out a constant market...

Euro area GDP and components are nowcast and forecast one quarter ahead. Based on a dataset of 163 series comprising the relevant monthly indicators, simple bridge equations with one explanatory variable are estimated for each. The individual forecasts generated by each equation are then pooled,...

Several factor-based models are estimated to investigate the role of country-specific trade and survey data in forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the role of dataset selection on the empirical performance of factor models....

[fre] Afin de déterminer les taux de change réels d'équilibre de l'euro et du dollar, nous étudions le déficit public comme facteur de distorsion de change. Nous montrons la possibilité, à court et à moyen terme, de sur-réaction du taux de change réel à une variation du solde...