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Title: SWD/2019/0176: Commission Staff Working Document - Progress of the EU and its Member States – Goal by Goal ;
Accompanying the document : Report from the Commission : Supporting the Sustainable Development Goals across the world :
The 2019 Joint Synthesis Report of the European Union and its Member States {COM(2019) 232 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0176
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0181-1: Commission Staff Working Document - Evaluation of the 7th Environment Action Programme to 2020 "Living
well, within the limits of our planet" ; Accompanying the document : Report from the Commission to the European
Parliament, the Council, the Europe Economic and Social Committee and the Committee of the Regions on the evaluation of
the 7th Environment Action Programme {COM(2019) 233 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0181-1
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0181-2: Commission Staff Working Document - Evaluation of the 7th Environment Action Programme to 2020 "Living
well, within the limits of our planet" ; Accompanying the document : Report from the Commission to the European
Parliament, the Council, the Europe Economic and Social Committee and the Committee of the Regions on the evaluation of
the 7th Environment Action Programme {COM(2019) 233 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0181-2
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0182: Commission Staff Working Document - Mid-term Evaluation of the European Union Programme for Employment
and Social Innovation (EaSI) ; Accompanying the document : Report from the Commission : Report from the Commission on
the mid-term evaluation of the European Union Programme for Employment and Social Innovation (EaSI) {COM(2019) 234
final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0182
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0183: Commission Staff Working Document - European Financial Stability and Integration Review (EFSIR)
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0183
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0186: Commission Staff Working Document - Evaluation of the European Union Solidarity Fund 2002-2017 {SWD(2019)
187 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0186
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0187: Commission Staff Working Document - Executive Summary of the Evaluation of the European Union Solidarity
Fund 2002-2017 {SWD(2019) 186 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0187
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0189: Commission Staff Working Document - For the Council Shipping Working Party IMO - Union submission (INF
paper) to be submitted to the 6th session of the Sub-Committee on Carriage of Cargoes and Containers (CCC 6) of the IMO,
taking place in London from 9 – 13 September 2019 concerning the full report of the Formal Safety Assessment Study on
the Use of Low-Flashpoint Diesel as a Marine Fuel within the Scope of the International Code of Safety for Ships using
Gases or other low-flashpoint Fuels (IGF Code)
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0189
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0190: Commission Staff Working Document - For the Council Shipping Working Party IMO - Union submission to be
submitted to the 6th session of the Sub-Committee on Carriage of Cargoes and Containers (CCC 6) of the IMO, taking place
in London from 9 – 13 September 2019 concerning the results of a Formal Safety Assessment Study on the Use of
Low-Flashpoint Diesel as a Marine Fuel within the Scope of the International Code of Safety for Ships using Gases or
other low-flashpoint Fuels (IGF Code) and draft amendments to the IGF Code to regulate the use of such fuels
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0190
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0191: Joint Staff Working Document - Partnership Implementation Report on Armenia
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0191
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0194: Commission Staff Working Document : Replies to questionnaire on quantitative information on the practical
operation of the European arrest warrant - Year 2016
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0194
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0510: Commission Staff Working Document - Marine Strategy Framework Directive – Assessment of programmes of
measures for Denmark, Estonia, Greece, Croatia, Lithuania, Romania and Slovenia
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0510
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: SWD/2019/0174: Commission Staff Working Document - Evaluation of the European Monitoring Centre for Drugs and Drug
Addiction (EMCDDA) 2018 ; Accompanying the document : Report from the Commission to the European Parliament and the
Council : Evaluation of the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) 2018 {COM(2019) 228 final}
Series Title:SWD-Dokumente / Europäische Kommission
Year: 2019
ISBN / ISSN / Kat.Nr: SWD/2019/0174
Language: en
Ressource: Official Publication
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
Title: Government deficits, wealth effects and the price level in an optimizing model
Abstract
This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt level and slow fiscal adjustment adversely affect price stability in the presence of an independent monetary authority adopting a monetary targeting regime. The mechanism through which fiscal policy affects the dynamics of the price level presents monetarist properties, since the price level is determined in the monetary market. The effects produced by fiscal expansions on price dynamics are due to the behavior of consumers, facing a positive probability of death and sharing the burden of fiscal adjustment with future generations. Fiscal variables are shown to influence the consumption plan of individuals and the demand for real money balances, thus affecting the equilibrium conditions in the money market where the price level is determined. [Barbara Annicchiarico]
Author: Annicchiarico, Barbara
Series Title: Working paper series / European Central Bank ; 285
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesFiscal PolicyPrice stabilityTheoryWealth effectPublic Debt
Subject: Economic and growth policiesTaxation. Fiscal policy
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Country and sector-specific spillover effects in the euro area, the United States and Japan
Abstract
Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and intrasectoral spillover effects. We use daily data from the period between January 1986 and October 2002. We find that, during the late 1990s, the worldwide importance of European equity markets has increased considerably. More precisely, price innovations in European equities (both aggregate returns and sector returns) have doubled or tripled their impact on other stock markets. At the same time, there is evidence that sectors have become more heterogeneous in each of the three currency areas, ie the response to aggregate shocks has increasingly varied across sectors. Spillover effects of aggregate market innovations have generally outweighed intra-sectoral spillover effects. Overall, the process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. [Bernd Kaltenhaeuser]
Author: Kaltenhaeuser, Bernd
Series Title: Working paper series / European Central Bank ; 286
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Stock MarketEU countriesEuroFinancial marketJapanMarket integrationSpillover effectUnited States
Subject: Currency. Monetary policyInternational investments. Capital movements
Countries Scheme: USAJapan
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Information acquisition and decision making in committees
Title (other): A survey
Abstract
This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental evidence on these issues. Our analysis focuses on the optimal size, composition, and decision rules of committees. We discuss implications for the design of monetary policy committees. [Kerstin Gerling, Hans Peter Grüner, Alexandra Kiel and Elisabeth Schulte]
Table of Contents
Abstract
Non-technical summary
1 Introduction
2 Strategic voting versus naive voting
2.1 Sincere voting
2.2 Abstention
2.3 Unanimity
3 Incentives for information acquisition
3.1 Large committees
3.2 The case for small committees
3.3 Relation to the delegating authority
4 Conflicting interests
4.1 Caring differently about mistakes
4.2 Binary decisions and continuous information
4.3 Committee size with conflicting preferences
4.4 Decision rules with interdependent preferences
5 Communication
5.1 Irrelevance of voting rules
5.2 Imperfect aggregation and incentives
5.3 Communication and conflicting interests
6 Decision skills
7 Experimental results
8 Summary of theoretical results
8.1 How large should a committee be?
8.2 Who should be in a committee?
8.3 What is the optimal decision rule?
9 Implications for Monetary Policy Committees
9.1 Why monetary policy committees?
9.2 The optimal size of a committee
9.3 The voting rule
9.4 Who should be in a committee?
9.5 Relation to the outside
References
Author: Gerling, Kerstin | Grüner, Hans Peter | Kiel, Alexandra | Schulte, Elisabeth
Series Title: Working paper series / European Central Bank ; 256
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Voting ruleMonetary PolicyGroup decisionTheory
Subject: Currency. Monetary policy
Countries Scheme: No country specification
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Consumer inflation expectations in Poland
Abstract
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on the real and nominal sectors of the economy bear a close relationship to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be quantified with the use of probability or regression methods. This paper presents the results of two versions of the probability method, implemented in order to estimate numerical measures of Polish consumer inflation expectations, based on the monthly Ipsos-Demoskop survey. In addition, the unbiasedness and macroeconomic efficiency of Polish consumer inflation expectations are tested, as are the way in which these are formed. The pattern of responses to the survey question and quantified measures of Polish consumer inflation expectations are also compared with the respective findings for the euro area. [Tomasz £yziak]
Author: £yziak, Tomasz
Series Title: Working paper series / European Central Bank ; 287
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyInflation expectationsPolandConsumersCentral Bankmonetary policyinflationPoland
consumercentral bank
Subject: Economic conditionsCurrency. Monetary policy
Countries Scheme: Poland
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Implementing optimal control in cointegrated I(1) structural VAR models
Abstract
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots in the system on the policymaker's ability to control it, partially or thoroughly. Different control techniques are proposed according to the extent to which the policymaker can exercise his control on the overall dynamics of the economy, i.e. depending on whether he/she can stabilize the whole system, only part of it or none of it. The second issue involves the structural form of the model. It will be shown in this paper that, in general, a system's features will change when implementing a new control rule. In particular, a controlled system will generally not retain features that should be intrinsecally invariant to policy changes (e.g., neutrality of money in the long-run). [Francesca V. Monti]
Author: Monti, Francesca V.
Series Title: Working paper series / European Central Bank ; 288
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyCointegrationControl theoryTheoryVAR model
Subject: Economic and growth policies
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Monetary and fiscal interactions in open economies
Abstract
A two-country sticky-price model is used to analyse the interactions between fiscal and monetary policy. The role of an 'activist' fiscal policy as a stabilisation tool is considered and a measure of the welfare gains from international fiscal policy cooperation is derived. It is found that welfare gains from fiscal cooperation do exist provided monetary policy is set cooperatively. There are also welfare gains from fiscal policy cooperation in a monetary union. However, it is found that a 'non-activist' fiscal policy can be better than non-cooperative fiscal policy when the international correlation of shocks is strongly negative. And non-cooperative fiscal policy can be better than cooperative fiscal policy if monetary policy is not set cooperatively. [Giovanni Lombardo ; Alan Sutherland]
Author: Lombardo, Giovanni | Sutherland, Alan
Series Title: Working paper series / European Central Bank ; 289
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Fiscal PolicyMonetary PolicyOpen economyTheoryEconomic policy target
Subject: Currency. Monetary policyFinancing. Private finance. Financial policy
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Inflation persistence and robust monetary policy design
Abstract
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of an estimated small-scale macroeconomic model featuring distinct types of staggered contracts specifications which induce quite different degrees of inflation persistence. The paper shows that a cautious monetary policy-maker is welladvised to design and implement interest rate policies under the assumption that inflation persistence is high when uncertainty about the prevailing degree of inflation persistence is pervasive. [Günter Coenen]
Author: Coenen, Günter
Series Title: Working paper series / European Central Bank ; 290
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesEuropean Economic and Monetary UnionMonetary PolicyAnti-inflation policyRobust methodTheoryMonetary transmissionInterest rate policy
Subject: Currency. Monetary policy
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
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Copyright (C) 2003-2019 European Documentation Centres / Update: 09.10.2019