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The political economy of financial crisis policy

Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on h

Alessio Terzi

Living (dangerously) without a fiscal union

The euro area’s political contract requires member nations to rely principally on their own resources when confronted with severe economic distress. S

Ashoka Mody

The effort to stabilise the financial system in Japan: an outline and the characteristics of the programme for financial revival

This paper provides an overview of the Programme for Financial Revival announced in October 2002 in Japan. The programme aimed to dramatically reduce

Yoichi Matsubayashi

The long road towards the European single market

This paper argues that identifying and quantifying the channels through which market integration is expected to engender growth is methodological

André Sapir, Mario Mariniello and Alessio Terzi

Bad banks in the EU: the impact of Eurostat rules

 At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to

Mark Hallerberg and Christopher Gandrud

Aging and the governance of the healthcare system in Japan

Japan is the most rapidly aging country in the world. A total reform of the Japanese social security system, therefore, is inevitable. Other advanced

The policy dilemma of the unitary patent

This paper provides new evidence about the budgetary consequences – for patent offices – of the coexistence of the forthcoming Unitary Patent (UP) wit

Bruno van Pottelsberghe

Does Money Matter in the Euro area? Evidence from a new Divisia Index

The purpose of this paper is to examine the possible role of money shocks on output and prices in the euro area.

Zsolt Darvas

Developing an underlying inflation gauge for China

This paper develops a new underlying inflation gauge (UIG) for China which differentiates between trend and noise, is available daily and uses a broad

Guonan Ma

Remerge: regression-based record linkage with an application to PATSTAT

We further extend the information content in PATSTAT by linking it to Amadeus, a large database of companies that includes financial information. Pate

Reinhilde Veugelers and Georg Zachmann

A scaleable approach to emissions-innovation record linkage

PATSTAT has patent applications as its focus. This means it lacks information on the applicants and/or the inventors. In order to have more informatio

Georg Zachmann

A flexible, scaleable approach to the international patent 'name game'

The inventors in PATSTAT are often duplicates: the same person or company may be split into multiple entries in PATSTAT, each associated to different

Georg Zachmann

Did the German court do Europe a favour?

To the supporters of the OMT, the activist German Court is endangering a fragile economic and financial calm, while overstating the limits set by the

Ashoka Mody

Europe between financial repression and regulatory capture

Shahin Vallée

Antitrust risk in EU manufacturing: A sector-level ranking

Mario Mariniello

The long haul: debt sustainability analysis

The public debt ratio is set to decline in Greece, Ireland and Portugal under the maintained assumptions, but the debt trajectory remains vu

Zsolt Darvas and Pia Hüttl