From a retrospective perspective, effective future fiscal cooperation in Europe is not likely to stand a chance. Focusing on the Stability and Growth Pact (SGP, the Pact), this paper studies the determinants of national policymakers' changing commitment to a multilateral fiscal rule, referred to...

This paper studies the impact of political events that systematically undermined the Stability and Growth Pact (SGP) on the euro's foreign exchange expectation bias for the period 2001 to 2005. Our findings suggest that euro foreign exchange markets were attentive to the political dispute over...

This paper aims to quantify the losses that result from data localisation requirements and related data privacy and security laws that discriminate against foreign suppliers of data, and downstream goods and services providers, using GTAP8. The study looks at the effects of recently proposed or...

International trade is a powerful force of societal transformation. Trade agreements not only stimulated trade; they have improved the quality and integrity of domestic economic and political institutions. This view on trade as a force of institutional development and societal transformation has...

This background paper describes the methodology used for the ECIPE Occasional Paper called "The Costs of Data Localisation: A Friendly Fire on Economic Recovery" in which the costs of data services regulation are assessed. This paper provides further explanation on how the costs of data...

What if the Trans-Pacific Partnership (TPP) is not a doomed initiative - and what if it will actually make inroads into modern trade problems? The Asia-Pacific region is now the world's centre of economic gravity holding an increasing share of world production and promising a rapid turn into the...

This study examines the potential gains from a transatlantic zero-tariff agreement on trade in goods. The idea of deeper transatlantic economic integration has become more attractive in recent years. The hopes for an ambitious multilateral trade deal in the Doha Round negotiations have diminished;...