In recent years the world's two largest inflation-targeting central banks - the US Federal Reserve (the Fed) and the European Central Bank (ECB) - have revised their monetary policy frameworks in a more progressive direction. Whereas the Fed decided to abandon its strategy of pre-emptive...

This paper presents some of the key insights from the second wave of the ETUI Internet and Platform Work Survey (ETUI IPWS) conducted in 14 member states of the European Union (EU) in Spring 2021. The use of standard probability sampling allows us to estimate the proportion of internet and...

It is widely accepted that the pursuit of economic growth is becoming increasingly infeasible and undesirable, necessitating substantial changes to European economies. European economic activity in terms of emissions, resource use, pollution and impacts on biodiversity is ecologically...

The economic and health crisis triggered by the Covid-19 pandemic leaves the European Union facing the steepest decline in production and employment since the Second World War, on top of economic fundamentals that are already fragile as a result of the disastrous effects of the double fall...

Mit 01. Januar 2008 wurde in der Schweiz ein System zum Handel von Emissionsrechten gestartet. Neben der CO2-Abgabe und dem Klimarappen auf Treibstoffe soll diese klimapolitische Massnahme wesentlich zur Erfüllung der Kyoto-Zielreduktion beitragen. Die Schweiz verfolgt zur Senkung der...

In den ersten sieben Jahren der Personenfreizügigkeit mit der EU/EFTA verzeichnete die Schweiz einen nach internationalen Massstäben sehr starken Zuwanderungsstrom, der anders als in den meisten Ländern primär aus hochqualifizierten Arbeitern bestand. Während die Arbeitgeber beklagen, im...

Nontariff measures are everywhere vilified for preventing exports, especially of agriculture, from developing countries. Philippine exporters seem to be taking things in stride, however. The paper estimates the cost of certification regularly borne by a typical Philippine food exporter to be...

We assess the role of financial linkages for the transmission of sovereign risk in the Euro Crisis. Building on the narrative approach by Romer and Romer (1989), we use financial news to identify structural shocks in a VAR model of daily sovereign CDS for eleven European countries. To estimate...

What are the drivers of the large Target2 (T2) balances that have emerged in the European Monetary Union since the start of the financial crisis in 2007? This paper examines the extent to which the evolution of national T2 balances can be statistically associated with cross-border private...