The Eurosystem staff forecasts are conditional on the financial markets, the global economy and fiscal policy outlook, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show that it provides accurate conditional forecasts of...

This paper discusses the road accessibility for European cities and regions over the period 1955-2012. For this period a historical database of European roads networks has been constructed covering all EU27 countries. This database enables to evaluate to what extent EU infrastructure policy has...