This study analyses the stringency of EU environmental regulations. Contrary to the proposition of an economic -trading up- of standards, the positive theory of environmental federalism which is developed allows for an examination of political mechanisms and the effects of regulation. Empirical...

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...