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This paper provides an overview of defence spending, and a review of the literature on the role of defence in growth.
This paper analyses the robustness of the trend-cycle decomposition of total factor productivity which is involved in the estimation of potential growth and output gap in the EU Member States in application of the EU’s Commonly Agreed Methodology.
This paper investigates the drivers of inflation differentials in the euro area.
This paper presents how green budgeting is integrated into the regular budget process and influences decision making and budget allocation.
This paper analyses the main characteristics of the European venture capital cross-border flows and their determinants.
This paper presents an integrated framework for the financial assessment of different types of common sovereign debt instruments.
This paper analyses two central elements of the ECB’s 2021 monetary policy strategy review in an estimated open-economy structural macroeconomic (DSGE) model of the euro area: (1) explicit symmetry of the 2% inflation target, and (2) commitment to persistent monetary accommodation...
The paper quantifies the potential macroeconomic impact of structural reforms in the EU Member States employing a benchmarking approach, closing half the observed gaps in structural indicators.
This paper compares post-COVID growth and inflation dynamics in the euro area and the US using an estimated macro model.
This paper presents simulations with the Commission’s QUEST model to examine whether rising inflation stemming from a terms-of-trade deterioration could reduce public debt-to-GDP ratios.