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Procurement law is rising in importance year after year. According to the European Commission, public procurement now … accounts for over 14% of the EU's gross domestic product. Also at the ECB, spending through procurement is growing, and the … evolution of its procurement law from non- binding internal guidelines to a transparent and comprehensive legal framework is a …
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The inflation targeting (IT) regime is 17 years old. With practice of IT now in more than 21 countries, there is enough evidence gathered to take stock of the IT experience. In this paper, we analyze the inflation record of IT central banks. We extend the work of Albagli and Schmidt-Hebbel...
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We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We...
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