Search results for "Union"
showing 10 items of 2069 documents
Macroeconomic Modelling in EMU: How Relevant is the Change in Regime?
2007
We analyse the likely effects of changes in the monetary and financial regimes of EMU countries on the dynamics of output and inflation. In particular, we evaluate the impact of the regime shift on the forecasting performance of reduced-form models. Data for both the pre-EMU and the EMU regimes are generated by a relatively standard open-economy-DSGE model with sticky prices and wages and restricted access to financial markets for some individuals. We find that the effects of the shift in the monetary regime on the processes followed by macroeconomic variables depend on the nature of the shocks hitting the economy. For plausible shocks distributions the reduction in the accuracy of VAR-base…
Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case
2009
In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these countries. By drawing on new indices of consumer prices the present paper offers an examination of inflation dynamics, defined as price stability and inflation persistence, in the periphery of Scandinavia during the heyday of the international gold standard.
Is the EUA a new asset class?
2022
The listing of a new asset requires knowledge of its statistical properties prior to its use for hedging, speculative or risk management purposes. In this paper, the authors study the stylised facts of European Union Allowances (EUAs) returns. The majority of the phenomena observed, such as heavy tails, volatility clustering, asymmetric volatility and the presence of a high number of outliers are similar to those observed in both commodity futures and financial assets. However, properties such as negative asymmetry, positive correlation with stocks indexes and higher volatility levels during the trading session, typical of financial assets, and the existence of inflation hedge and positive …
Producer Prices in the Transition to a Common Currency
2006
We analyze producer price developments in the transition from a national exchange rate regime to a monetary union. The focus is on the European Economic and Monetary Union (EMU). Stylized facts witness about an exploding gaps in producer-price inflation during the years immediately following the completion of the EMU. Price convergence is found to be an important driver throughout the entire euro period (1999-2005), but with no significant differences in speed compared to the pre euro period. Productivity growth had its primary effect in the first years and effective exchange-rate changes in the later years of the euro period.
Fomento del acceso público y del uso compartido de los datos brutos procedentes de la investigación científica
2014
Editorial.
Comparing Cybersecurity Information Exchange Models and Standards for the Common Secure Information Management Framework
2021
Cyber threats have increased in spite of formal economic integration in the world. Decision-makers and authorities need to respond to the growing challenge of cyberthreats by increasing cooperation. Information is one of the main facilities when the objective is to prevent hybrid threats at the EU level and between the western countries. The main purpose of the study is to find out separating and combining factors concerning existing cyber information sharing models and information management frameworks in western countries. The aim is also to find out crucial factors, which affect the utilization of a common Early Warning System for the ECHO stakeholders. The main findings are that unclear…
Juridiskā zinātne, Nr.6
2014
Journal “Law” of the University of Latvia is financed by the Faculty of Law of the University of Latvia
Analysis of dust exposure during chainsaw forest operations
2017
Abstract: In 1999, the European Union proclaimed hardwood dust carcinogenic based on the classification of the International Agency for Research on Cancer (IARC) issued in 1995. The operational exposure limit (OEL) for inhalable wood dust has been set to 5 mg m-3 by EU directives, though in different countries the OEL ranges from 1 to 5 mg m-3. The objective of this study was to determine the exposure to wood dust of forest workers in chainsaw cutting and processing and suggest possible countermeasures. The study took into consideration different silvicultural treatments (coppice clear cut, conifer thinning, conifer pruning, and sanitary cut) and chainsaw fuel (normal two-stroke gasoline mi…
Mediterráneo: el naufragio de Europa
2016
Este artículo reseña: Javier de Lucas, Mediterráneo: el naufragio de Europa, prólogo de Sami Naïr, Valencia, Tirant lo Blanch, 2015, 170 pp.
"A Comment on Tobias Kronenberg's "Construction of Regional Input-Output Tables Using Nonsurvey Methods: The Role of Cross-Hauling"
2012
This article examines the effectiveness of a new non-survey regionalization method: Kronenberg’s Cross-Hauling Adjusted Regionalization Method (CHARM). This aims to take into account the fact that regions typically both import and export most commodities. Data for Uusimaa, Finland’s largest region, are employed to carry out a detailed empirical test of CHARM. This test gives very encouraging results. CHARM is suitable for studying environmental questions, but it can only be applied in situations where foreign imports have been included in the national input–output table. Where the focus is on regional output and employment, location quotients (LQs) can be used for purposes of regionalizati…